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Cpm construction plans to buy a truck for 150000and sell it

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CPM Construction plans to buy a truck for $150,000and sell it for $15,000 at the end of 5 years. The annual operating cost of the vehicle is $60,000. 1)What is the equivalent annual cost of this truck, if the company uses a MARR of 12% 2) What is the present value of the truck described in problem? provide the formula used for each question?

Reference no: EM13566308

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