Net Present Value Method-Annuity Jones Excavation Company is planning an investment of $125,500 for a bulldozer. The bulldozer is expected to operate for 1,000 hours per year for seven years. Customers will be charged $115 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 Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.626 1.528 1.690 2.402 2.673 2.487 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.355 4.111 3.785 3.326 7 4.917 5.582 6.210 4.868 4.564 4.160 3.605 8 5.335 4.968 4.487 9 6.802 5.759 3.837 4.031 5.328 4.772 10 7.360 6.145 5.650 5.019 4.192 d. Determine the number 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: hours Feedback