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Because of its age, your car costs $11,000 amnualy in maintenance expense. You could replace it with a nower vehicle costing $7,900 that would be

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Because of its age, your car costs $11,000 amnualy in maintenance expense. You could replace it with a nower vehicle costing $7,900 that would be expected to havo a lle of 5 years. if your opportunity cost of capital is 14%, by how much must maintenance expense docrease on the new vehicle to justly its purchase? $ (piease found your tinal result to 2 deoimals, but keep as many docimals as possible during calcuation) Because of its age, your car costs $11,000 amnualy in maintenance expense. You could replace it with a nower vehicle costing $7,900 that would be expected to havo a lle of 5 years. if your opportunity cost of capital is 14%, by how much must maintenance expense docrease on the new vehicle to justly its purchase? $ (piease found your tinal result to 2 deoimals, but keep as many docimals as possible during calcuation)

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