Question: Question 16 (1 point) A machine costs $60 and requires $35 in maintenance annually over its three-year life. After three years, the machine will be

Question 16 (1 point) A machine costs $60 and requires $35

Question 16 (1 point) A machine costs $60 and requires $35 in maintenance annually over its three-year life. After three years, the machine will be replaced. If the machine belongs in a 30% CCA class and has no salvage value, what is the equivalent annual cost? Assume a tax rate of 34% and a discount rate of 14%. -$59.13 -$43.32 -$48.33 -$97.84 -$39.48

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