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Please explain all steps and show formulas. (no excel plots please) A transit agency is outfitting a fleet of 1400 buses with GPS at a

Please explain all steps and show formulas. (no excel plots please)

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A transit agency is outfitting a fleet of 1400 buses with GPS at a cost of $800 per bus. These units are expected to generate additional revenue of $150,000 per year due to increased efficiency. The vendor requires a yearly M&O fee of $10,000 per year. Given a life span of 25 years, what is the expected rate of return

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