Question: You are considering purchasing a CNC machine which costs $170,000. This machine will have an estimated service life of 12 years with a net after

You are considering purchasing a CNC machine which costs $170,000. This machine will have an estimated service life of 12 years with a net after tax salvage value of $17,000. It's annual after tax operating and maintenance costs are estimated to be $49,000. To expect an 17% rate of return on investment, what would be the required minimum annual after tax revenues? i= 17% per year

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