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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 31
Ten years ago, Jacobson Recovery purchased a wrecker for $285,000 to move disabled 18-wheelers. He anticipated a salvage value of $50,000 after 10 years. During this time his average annual revenue totaled $52,000.
a) Did he recover his investment and a 12% per year return b) If the annual M O cost was $10,000 the first year and increased by a constant $1000 per year, was the AW positive or negative at 12% per year Assume the $50,000 salvage was realized.
a) Did he recover his investment and a 12% per year return b) If the annual M O cost was $10,000 the first year and increased by a constant $1000 per year, was the AW positive or negative at 12% per year Assume the $50,000 salvage was realized.
Explanation
Verified
Verified
At revenue of $52,0...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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