Question: Levi Strauss has some of its jeans stone-washed under a contract with independent U.S. Garment Corp. U.S. Garment's operating cost per machine is $22,000

Levi Strauss has some of its jeans stone-washed under a contract with

Levi Strauss has some of its jeans stone-washed under a contract with independent U.S. Garment Corp. U.S. Garment's operating cost per machine is $22,000 for year 1 and then it increases by $1000 per year through year 5. The equivalent uniform annual cost per machine (years 1-5) at an interest rate of 8% per year is closest to

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