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Osborne Excavation Company is planning an investment of $361,300 for a buldozer. The bulldozer is expected to operate for 2,000 hours per year for ive

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Osborne Excavation Company is planning an investment of $361,300 for a buldozer. The bulldozer is expected to operate for 2,000 hours per year for ive years. Customers will be charged $150 per hour for bulldozer work. The bulldozer operator costs $37 per hour in wapes and benefits. The bulldozer s expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $48 per hour of bulldozer operation. Determine the equal annual net cash flows from operating the bulldozer. Enter all amounts as positive numbers. b. Determine the net present value of the investment, assuming that the desired rate of return 15.5%. Use the table of present value of an annuity of $1 above. If required, round to the nearest dollar and use the minus sign to indicate a negative net present value

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