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. YOYO Inc. operates a local parcel delivery service. The company keeps detailed records relating to operating costs of trucks and has found that if
. YOYO Inc. operates a local parcel delivery service. The company keeps detailed records relating to operating costs of trucks and has found that if a truck is driven 125,000 kilometres per year, the operating cost is $8,400. However, if a truck is driven 79,000 kilometres per year, the operating cost is $6,700. Estimate the cost formula for truck operating costs using the high-low method.
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