A Machine Costs $15,000 and Has an Estimated Lifetime of 8

question 23

Multiple Choice

A machine costs $15,000 and has an estimated lifetime of 8 years after which it could be sold for $3000.Annual maintenance costs are M.If the cost of capital is j₁ = 8%,the capitalized cost is $40,914.72.What is the value of M? (Answer to the nearest dollar)

• A)$623
• B)$945
• C)$1113
• D)$1477

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Definitions:

Consideration

In leadership, it refers to a style that emphasizes concern for the needs, feelings, and well-being of followers, often contrasting with task-oriented styles.

Trust Building

The process of developing confidence and reliability in relationships, crucial for successful teamwork and leadership.

Relationship Behaviors

Actions undertaken by individuals to establish, maintain, and enhance interpersonal relationships.

Task Behaviors

Actions and activities directed towards completing specific objectives or assignments.