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Rula has purchased a new car for $30,000. She paid $3,000 as a down payment, and she paid the remaining balance by a loan from her hometown bank. Rula will pay off the loan by equal annual installments of $7490. How many years will it take Rula to pay off the loan given an opportunity cost of 12%? Answer: Depreciation expense(all variable) Time left 1:52:29 6000 Operating profit 480000 Less: Interest expense (all fixed) 12000 Net profit before taxes 468000 Less: Taxes (10%) 46800 Net profit after taxes 421200 A&P's Total cost of goods sold in 2021: A&P's Depreciation Expense in 2021: A&P's Total operating expenses in 2021 A&P's Net profit after taxes in 2021: Rula has purchased a new car for $30,000. She paid $3,000 as a down payment, and she paid the remaining balance by a loan from her hometown bank. Rula will pay off the loan by equal annual installments of $7490. How many years will it take Rula to pay off the loan, given an opportunity cost of 12%