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A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be | |
A. | Rs.1740 [Wrong Answer] |
B. | Rs.3480 [Correct Answer] |
C. | Rs.5220 [Wrong Answer] |
D. | Rs.6960 [Wrong Answer] |