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Problem Ten (10 points) A company owns a fleet of trucks and operates its own maintenance shop. A particular type of truck is normally used
Problem Ten (10 points) A company owns a fleet of trucks and operates its own maintenance shop. A particular type of truck is normally used for five years. The first cost is $30,500 and the end of life salvage value is $7,750. The maintenance costs are $900 for the first year and an additional $250 per year thereafter] Assuming an interest rate of 7.5%, find the equivalent per-year cost of owning and maintaining one of these vehicles
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