Question: W Enterprises decides to purchase a packing machine at a cost of $25,000, with an estimated useful life of 10 years. The machine will require

W Enterprises decides to purchase a packing machine at a cost

W Enterprises decides to purchase a packing machine at a cost of $25,000, with an estimated useful life of 10 years. The machine will require servicing at a cost of $2,300 per year. What is the equivalent annual annuity of this machine, given a cost of capital of 8%? 0 $3,704 O $4,504 $4,800 O $5,226 O $6,026

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