Determining the cost per piece produced

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Question: You have a machine that costs exist60, 000 now and can be sold for exist25, 000 in year 6. The machine costs exist15, 000 each year to operate and the raw materials cost exist10 each unit. The machine produces 1, 000 pieces each year. Using an interest rate of 11%, what is the cost per piece produced?

Reference no: EM131777304

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