28 Smiths Photo Studio is choosing between two scanners for their new studio. Xerox ScanCenter...
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28 Smiths Photo Studio is choosing between two scanners for their new studio. Xerox ScanCenter cost $350 to purchase, result in electricity bills of $160 per year, and last for 5 years. Epson EcoTank cost $550, result in electricity bills of $120 per year, and last for 8 years. The discount rate is 21%. a. What is the equivalent annual cost of the Epson EcoTank model? (Do not round intermediate calculations. Round your answers to 2 decimal places.) 2 points Epson EcoTank & 01:30:01 Equivalent annual cost b. Which model is more cost-effective? O Xerox ScanCenter Epson EcoTank 28 of 401 Neft >
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