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A ship owner expects his new ore carrier to move 300 000 tons of cargo per year on a given trade route. The ship will

A ship owner expects his new ore carrier to move 300 000 tons of cargo per year on a given trade route. The ship will cost $7 500 000 to built will last 20 years. Its average annual operating cost will be $1 300 000. The ship owner profits tax rate is 40 percent. What revenue per ton must he charge if he is to earn 18 percent interest on his investment after taxes?

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