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14 votes
14 votes
A company just bought a new vehicle for $20,000. The service life of the vehicle is eight years. The company has to pay a $200 registration fee at the beginning of every year plus maintenance costs of $1,000 in the first year. The maintenance cost is expected to increase by $200 every year starting at the second year. At the end of the vehicle service life, it will be sold at 10% of its purchase price. Construct a cash flow diagram from the company's perspective

User BlueSolrac
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1 Answer

16 votes
16 votes

Answer:

$14253

Step-by-step explanation:

User Dominik Matis
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