Problem
A machine has a first cost of $50,000. Its market value declines by 20% annually. The operating and maintenance costs start at $3500 per year and climb by $2000 per year. The firm's MARR is 9%. Find the minimum EUAC for this machine and its economic life.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.