Question: Jackson & Sons uses packaging machines to prepare its products for shipment. A machine costs $136,000 and lasts approximately 4 years before it needs to

Jackson & Sons uses packaging machines to prepare its products for shipment. A machine costs $136,000 and lasts approximately 4 years before it needs to be replaced. The operating cost per machine is $6,000 per year. What is the equivalent annual cost of a baling machine if the required rate of return is 12%? (Round your answer to whole dollars.)

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