A company must purchase a machine that will be used over the next twenty years. The purchase price is $100,000, and the salvage value after twenty years is $5,000. The annual insurance cost is 2.5% of the purchase price, the average annual electricity cost is $764.51, and maintenance and replacement parts cost $200 per year. The effective annual interest rate is 3%. Neglect taxes. What is the effective uniform annual cost (EUAC) of ownership

Answer is in the photo. I couldn't attach it here, but uploaded it to a file hosting. link below! Good Luck!

cutt.ly/4zZs6GM

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.