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Suppose you invested $35,000 on a taxi in January 2000. You could receive a 30% salvage value after 5 years. The maintenance, taxes, and insurance

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Suppose you invested $35,000 on a taxi in January 2000. You could receive a 30% salvage value after 5 years. The maintenance, taxes, and insurance could be estimated year by year as $1000, $1200, $1400, $1600 and $1800. Suppose you are interested in 12% MARR. a) If taxi works 6 hours per day, 5 days per week, 52 weeks per year, Estimate the cost for each hour of working with the taxi. b) The net receipt of money from working with Taxi could be estimated to be the first year $20,000 and increased by 2% for each year after considering gaining experience of work. Compute the percent worth of the net cash flow for MARR 12%. How much do you make for hour considering all costs and revenue? What will be NPW at Internal Rate of Return

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