Afurniture manufacturer is planning on buying a new industrial sander costing $118,000. the sander has projected maintenance costs of $16,000 annually over the three-year life of the sander. at the end of the three years, the sander will be worthless and will be scrapped. the company has a 34% tax rate, a 16% discount rate, and uses straight-line depreciation over the life of a project. what is the equivalent annual cost?

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.