Question: Please help me with this question. Carcross Company is considering the purchase of a machine that promises to reduce operating costs by the same amount

Please help me with this question.

Carcross Company is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its six-year useful life. The machine will cost $83,150 and has no salvage value. The machine has 20% internal rate of return. (ignore income taxes in this problem).

Required:

What is the annual cost savings promised by the machine?

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