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Jones Excavation Company is planning an investment of $ 8 2 7 , 4 0 0 for a bulldozer. The bulldozer is expected to operate
Jones Excavation Company is planning an investment of $ for a bulldozer. The bulldozer is expected to operate for hours per year for years. Customers will be charged $ per hour for bulldozer work. The bulldozer operator costs $ per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $ The bulldozer uses fuel that is expected to cost $ per hour of bulldozer operation.
Present Value of an Annuity of $ at Compound Interest
Year
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Determine the amount of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number.
fill in the blank of
hours
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