Suppose your textile factory requires a new weaving unit. You have found a suitable machine which costs
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Question:
Suppose your textile factory requires a new weaving unit. You have found a suitable machine which costs $120,000 and requires maintenance and operation costs of $4,500 per year.The life of the weaving unit is 6 years and interest rate is 7%.Calculate the Equivalent Annual cost.
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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