Question: A replacement electric motor is being considered for purchase. It is capable of providing 200 lip. The pertinent data are as follows. the motor is

A replacement electric motor is being considered for purchase. It is capable of providing 200 lip. The pertinent data are as follows. the motor is used for 400 h/yr and the cost of electricity is $0.04/kW-h. (1 hp = 0.746 kW.) What is most nearly the effective annual cost using an interest rate of 10%

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