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Ques. 2 Your firm is deciding whether to purchase a durable delivery vehicle or a short- term vehicle. The durable vehicle costs $25,000 and should

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Ques. 2 Your firm is deciding whether to purchase a durable delivery vehicle or a short- term vehicle. The durable vehicle costs $25,000 and should last five years. The short- term vehicle costs $10,000 and should last two years. If the cost of capital for the firm is 5 percent, then what is the equivalent annual cost for the best choice for the firm? Round to the nearest dollar)

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