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Tool Makers, Inc. uses tool and die machines to produce equipment for other firms. The initial cost of one customized tool and die machine is
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69. Tool Makers, Inc. uses tool and die machines to produce equipment for other firms. The initial cost of one customized tool and die machine is $850,000. This machine costs $10,000 a

year to operate. Each machine has a life of 3 years before it is replaced. What is the equivalentannual cost of this machine if the required return is 9%? (Round your answer to the nearest whole dollar.) A. $325,797B. $340,002C.$345,797D. $347,648E. $351,619
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Subject: Accounting, Business

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