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A piece of equipment costs $15,000 and is expected to have a salvage value of $1,000...

A piece of equipment costs $15,000 and is expected to have a salvage value of $1,000 in 6 years. If interest is at 15%, what is the cost of Capital Recovery plus Return?

(Use MARR = 12% and tax rate = 40% in the problem unless otherwise stated.) - I don't think this applies to this problem.

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