Question: Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value O 2,000.00 Annual operation 3,000.00 2,400.00 Annual maintenance 1,200.00 1,000.00

Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value O 2,000.00 Annual operation 3,000.00 2,400.00 Annual maintenance 1,200.00 1,000.00 Taxes and insurance 3% 3% Life, years 10 15 Money is worth at least 16%. What is the exact rate of return

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