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The machine produces 500 pieces each year using an annual

A machine that costs $30,000 now and can be sold for $13,000 in year 4 at end of machine's life. The machine costs $12,000 each year to operate and the raw materials cost $10,000 each year. The machine produces 500 pieces each year. Using an annual interest rate of 7%, what is the cost per piece produced?

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Business Economics: The machine produces 500 pieces each year using an annual

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