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Without the retrofit, the annual fuel and maintenance cost will be $1,657 for the first year and increases at a rate of 7% each

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Without the retrofit, the annual fuel and maintenance cost will be $1,657 for the first year and increases at a rate of 7% 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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