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A company acquired a bus for $110,000, which had a $3,000 delivery fee, $2,000/year maintenance cost, and contributes $40,000/year of revenue. The bus was depreciated

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A company acquired a bus for $110,000, which had a $3,000 delivery fee, $2,000/year maintenance cost, and contributes $40,000/year of revenue. The bus was depreciated according to GDS with an effective tax rate of 21%. What is the economic value added in year 5 with after-tax MARR being 10%? [HINT: Use tables 7-2 and 7-3]

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