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For one type articulated truck, the fleet purchase price is $2.58 million and lasts for 8 years with an annual operating cost of $0.59 million

For one type articulated truck, the fleet purchase price is $2.58 million and lasts for 8 years with an annual operating cost of $0.59 million , and annual operating revenue of $2.5 million annually. Assuming that this fleet would be replaced well into the future and that the cost of capital is 11.2%, what is the Equivalent Annuity in terms of NPV

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