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Without the retrofit, the annual fuel and maintenance cost will be $ 2 , 0 6 1 for the first year and increases at a

Without the retrofit, the annual fuel and maintenance cost will be $

2, 061

for

the first year and increases at a rate of

5 %

each year. Given XYZ

'

s minimum

attractive rate of return is still

4 % .

If XYZ will get rid of the old truck in six

years, what is the total present cost of not retrofitting?

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