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A corporate fleet of 30 automobiles costs $900,000. After five years each automobile can be salvaged for $10,000 each. Each car will be used for

A corporate fleet of 30 automobiles costs $900,000. After five years each automobile can be salvaged for $10,000 each. Each car will be used for 12,000 miles per year. With a MARR of 14%, what is the equivalent annual cost per mile?

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