Question: You are considering purchasing a CNC machine which costs $190,000. This machine will have an estimated service life of 88 years with a net after-tax

You are considering purchasing a CNC machine which costs $190,000. This machine will have an estimated service life of 88 years with a net after-tax salvage value of $19,000. Its annual after-tax operating and maintenance costs are estimated to be $53,000 . To expect an 17% rate of return on investment, what would be the required minimum annual after-tax revenues?

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