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Jim decides to buy a motorcycle for his rental company. The first cost of it is 15000 Dollars. After some time the company will have
Jim decides to buy a motorcycle for his rental company. The first cost of it is 15000 Dollars. After some time the company will have annual benefits renting this to customers. Jim initially hopes to get a 10% return on the investment Operational Cost=1250 Dollars, Salvage Value=5600 Dollars. Now calculate the minimum required annual benefits for this investment plan of long time horizons 12 years. Show your work and Do not use a Finacial Calculator.
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