New municipal refuse-collection truck- good investment
Course:- Microeconomics
Reference No.:- EM13697423

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A new municipal refuse-collection truck can be purchased for $84,000. Its expected useful life is six year, at which time its market value will be zero. Annual receipts less expenses will be approximately $18,000 per year over the six year study period. Use the PW method and a MARR of 18% to determine whether this is a good investment

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