Determine the machine eaw at interest

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Reference no: EM132160435

Question: Burke Brake Shoes may buy a new grinding machine. The best alternative costs $10,500. The operating cost for it is $6500 per year. The expected savings from the machine are $9600 per year. The machine has no salvage value after 5 years. Determine the machine's EAW at 5% interest.

Reference no: EM132160435

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