A piece of equipment costs 1200 and has a salvage value of, Financial Management

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A piece of equipment costs 1200 and has a salvage value of

A piece of equipment costs $1200 and has a salvage value of $400 at the end of its 3 year life. Maintenance costs are $200 for the first year and increase $50 per year to the end of it's 3 year useful life. The company has an MARR of 6%. What is the Equivalent Uniform Annual Cost?

Please show formula use in excel or formula used to calculate.

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