Economics Saudi Bin-Laden company is increasing its booster thrust power in order to win more construction contracts from the Saudi Government. A piece of cement-mixing equipment is expected to...

Extracted text: Economics Saudi Bin-Laden company is increasing its booster thrust power in order to win more construction contracts from the Saudi Government. A piece of cement-mixing equipment is expected to require an investment of $8,000. Annual operating costs for the system are expected to start the first year and continue at $1000 per year. The useful life of the machine is 8 years with a salvage value of $500. Calculate the capital recovery of the machine if the interest rate is 13%? -1644 9478 -2352 -1628 O o o o