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Tires-R-Us is considering the purchase of new tire-balancing equipment. The machine, which will cost $12,699, will...

Tires-R-Us is considering the purchase of new tire-balancing equipment. The machine, which will cost $12,699, will result in annual savings of $1500 with a salvage value at the end of 12 years of $250. For a MARR of 6%, use B/C analysis to determine whether the equipment should be purchased.

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