Question
A dozer has an anticipated remaining lifespan of 5 years. A $29,873 major repair is anticipated at the end of year 3. The company's cost
A dozer has an anticipated remaining lifespan of 5 years. A $29,873 major repair is anticipated at the end of year 3. The company's cost of capital rate is 6%. If the dozer will be run for 2000 hours per year, what is the anticipated hourly cost of the repair over that 5 year period?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
