Question: COOR Ltd. is buying a new sewing machine for $9 000. It can be sold at the end of its 10 year service life for

COOR Ltd. is buying a new sewing machine for $9 000. It can be sold at the end of its 10 year service life for $800. The firm's MARR is 10%. What is the minimum annual savings that the machine must yield in order to break even on the investment?

Select one:

A.$1 692

B.$1 212

C.$1 415

D.$2 012

E.$1 815

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