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Jones Excavation Company is planning an investment of $ 2 0 9 , 0 0 0 for a bulldozer. The bulldozer is expected to operate

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Jones Excavation Company is planning an investment of $209,000 for a bulldozer. The bulldozer is expected to operate for 1,000 hours per year for 7 years. Customers will be charged $125 per hour for bulldozer work. The bulldozer operator costs $33 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $10,000. The bulldozer uses fuel that is expected to cost $43 per hour of bulldozer operation.
Present Value of an Annuity of $1 at Compound Interest
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