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An automobile that runs on electricity can be purchased for $25.000. estimated to have a life of 12 years with an annual travel of 20,000
An automobile that runs on electricity can be purchased for $25.000. estimated to have a life of 12 years with an annual travel of 20,000 miles. Every three vears a new set of batteries will have to be purchased at a cost of $3,000. Annual maintenance for the vehical is estimated to be $700 The cost of recharging the batteries is estimated at $0.015 per mile. The salvage value at the end is estimated to be $2,000||Assuming a MARR 6%, what is the cost per mile to operate this car
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