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1. (15 points) Calculate the total cost per hour to own the track dozer: Purchase price: $550,000 Estimated salvage value = $50,000 Useful life: 5
1. (15 points) Calculate the total cost per hour to own the track dozer:
- Purchase price: $550,000
- Estimated salvage value = $50,000
- Useful life: 5 years
- Annual usage: 2000 hours per year
- Assume interest, insurance, and risk as 10%
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
