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You are considering purchasing a CNC machine which costs $130,000. This machine will have an...

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Accounting

You are considering purchasing a CNC machine which costs $130,000. This machine will have an estimated service life of 13 years with a net after-tax salvage value of $13,000. Its annual after-tax operating and maintenance costs are estimated to be $60,000. To expect an 16% rate of return on investment,

what would be the required minimum annual after-tax revenues?

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