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10) Mike Taylor, the owner of Tennessee River Boat Rentals, is estimating the cost of operating his boat rental company next year. He expects to have 450 rentals during 200Z. The following information is available:
200X 200Y
Number of boat rentals 286 396
Operating cost $7,645 $8,745
Required: Using the high-low method, determine the estimated operating cost for 200Z.
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