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Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $112,000 to provide short-haul...

Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $112,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $12,300 per year. A complete overhaul at the end of year 5 costs an extra $3600.

Calculate the annual cost of the truck at i = 8% per year.

The annual cost of the truck is $− per year.

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