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Because of its age, your car costs $ 4 , 0 0 0 annually in maintenance expense. You could replace it with a newer vehicle
Because of its age, your car costs $ annually in maintenance expense. You could replace it with a newer vehicle costing $ that would be expected to have a life of years. If your opportunity cost of capital is by how much must maintenance expense decrease on the new vehicle to justify its purchase?
$ Number
please round your final result to decimals, but keep as many decimals as possible during calculation
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