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A Car costs $30,000. Operating costs are $3000 the first year and increase by $1,000 each subsequent year. Its market value declines by 35% annually.

A Car costs $30,000. Operating costs are $3000 the first year and increase by $1,000 each subsequent year. Its market value declines by 35% annually. At a MARR of 10%, what is the economic service life of this Car and associated annual equivalent cost?

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