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expertSalim Service company owns several taxis that were purchased four years ago for $ 2 1 0 0 0 each. The current market value is
expertSalim Service company owns several taxis that were purchased four years ago for $ each. The current market value is $ each. If they are kept for another years, they can be sold for $ each. The annual maintenance cost per cab is $ a year. Salim Service is looking at replacing the cabs with the option to lease new cabs at an annual cost of $ per year per cab which includes free maintenance. How much more would it cost them per year to switch to leasing? Assume an interest rate of
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