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NOTE: Please use the following information for Questions 2 and 3. Modified problem 5.40 from page 275 of the textbook, which now reads: You are
NOTE: Please use the following information for Questions 2 and 3. Modified problem 5.40 from page 275 of the textbook, which now reads: "You are considering a purchase of a dump truck to be used for five years. The interest rate is 14%." "The truck will have an operating and maintenance cost that starts at $10000 the first year and increases by $3000 per year until the end of the fifth year of the related project. The interest rate is 14%. What is the equivalent annual cost of operating the truck?" Note: Please enter your answer to two decimal places. If using the interest factor method, apply the value of the factor as presented in the table or spreadsheet (with all four decimal places). Answer: "The truck will cost $49064 and the estimated salvage value at the end of five years is $8000. The interest rate is 14%. What is the capital recovery cost for the truck?" Note: Please enter your answer to two decimal places. If using the interest factor method, apply the value of the factor as presented in the table or spreadsheet (with all four decimal places)
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