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FlightFox Co. is buying a used 727 plane for $860,000 which they expect to fly for 3 years before it needs to be replaced. The727's
FlightFox Co. is buying a used 727 plane for $860,000 which they expect to fly for 3 years before it needs to be replaced. The727's annual operating cost is $10,000. If FlightFox required rate of return is 10%, what is the plane's EAC(Equivalent Annual Cost)?
(Round your answer to whole dollars)
(select one)
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$-335,453
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$-350,242
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$-355,819
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$-357,586
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$-361,242
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