Question: Consider a palletizer at a bottling plant that has a first cost of $162,000, operating and maintenance costs of $18,900 per year, and an estimated

Consider a palletizer at a bottling plant that has a first cost of $162,000, operating and maintenance costs of $18,900 per year, and an estimated net salvage value of $27,000 at the end of 30 years. Assume an interest rate of 8%. What is the annual equivalent cost of the investment if the planning horizon is 30 years?

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