A contractor is looking to purchase a new triax dump truck. Based upon an annual interest rate of 8%, which dump truck has the lowest EUAC and what is it?
Dump Truck A | Dump Truck B | |
Purchase Price | $75,000 | $120,000 |
Annual Maintenance | $15,000 | $12,000 |
Salvage Value | $16,000 | $20,000 |
Useful Life | 8 years | 18 years |
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