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Osborne Excavation Company is planning an investment of $361,300 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for five
Osborne Excavation Company is planning an investment of $361,300 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for five years. Customers will be charged $150 per hour for bulldozer work. The bulldozer operator costs $37 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $48 per hour of bulldozer operation. Present Value of an Annuity of $1 at Compound Interest
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