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U out 01' . You are evaluating the purchase of a vehicie for your I business. You've decided that the best choice is a car

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U out 01' . You are evaluating the purchase of a vehicie for your I business. You've decided that the best choice is a car that will cost you $35,000, but you're uncertain how long you should plan on holding the car before you replace it. The table below lists the running costs and salvage value of the vehicle for each year. Running -3000 -3 500 4000 4500 -5000 Costs Salvage Value 25000 20000 15000 10000 5000 What is the annual equivalent cost of replacing the vehicle every 4 years? Assume your cost of capital is 12.5%. Enter your answer to the nearest cent. ignore taxes. (Your answer will be a cost, and therefore a negative number. Don't forget the minus sign.) Selected 0 13.2-44.4 Answer: Correct 0 43,244.33: Answer: i :15

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