Question: 32. A machine lasts 3 years and has a purchase price of $100. It costs $40 per year to operate and can be sold as

32. A machine lasts 3 years and has a purchase price of $100. It costs $40 per year to operate and can be sold as junk for $15 at the end of its life. What is the EAC of the costs of operating a series of such machines into perpetuity if the discount rate is 15%

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