Question: Lambrook Ltd is deciding whether to purchase a high-quality printer or one of lesser quality. The high-quality printer costs $45 000 and should last five

Lambrook Ltd is deciding whether to purchase a high-quality printer or one of lesser quality. The high-quality printer costs $45 000 and should last five years. The lesser quality printer costs $25 000 and should last two years. If the cost of capital for the company is 12 per cent, then what is the equivalent annual cost for the best choice for the company

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