Question: How much can a 3,500 ac farm pay for a combine to keep the fixed costs (ownership costs) equal to $30 per acre, if the

How much can a 3,500 ac farm pay for a combine to keep the fixed costs (ownership costs) equal to $30 per acre, if the interest rate = 5%, the optimal years of use = 8 years, the retained value = 15% of the purchase price and insurance and housing is 1% of the purchase price?

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