Question: FF Enterprises decides to purchase a packing machine at a cost of $25,000, with an estimated useful life of 10 years. The machine will require

FF Enterprises decides to purchase a packing machine at a cost

FF Enterprises decides to purchase a packing machine at a cost of $25,000, with an estimated useful life of 10 years. The machine will require servicing at a cost of $1,500 per year. What is the equivalent annual annuity of this machine, given a cost of capital of 8%? $3,704 $4,000 $4,504 $5,226 O $6,026

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