Question: please answer as soon possible in nearest cent and positive value A precision lathe costs $10,800 and will cost $24,000 a year to operate and

please answer as soon possible in nearest cent and positive value

A precision lathe costs $10,800 and will cost $24,000 a year to operate and maintain it the discount rate is 12% and the lathe will last for 5 years, what is the equivalent annual cost of the tool? (Enter your answer as positive value. Round your answer to the nearest cent.) The equivalent annual costs

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