Question: Given the break- even mileage in Problem S5.5, what is the payback period in years? VEHICLE PURCHASE COST $19,000 VEHICLE OPERATING COST PER MILE $0.09

Given the break- even mileage in Problem S5.5, what is the payback period in years?

VEHICLE PURCHASE COST $19,000 VEHICLE OPERATING COST PER MILE $0.09 15 14,000 35 USEFUL LIFE OF VEHICLE MILES PER YEAR M

VEHICLE PURCHASE COST $19,000 VEHICLE OPERATING COST PER MILE $0.09 15 14,000 35 USEFUL LIFE OF VEHICLE MILES PER YEAR MILES PER GALLON AVERAGE FUEL PRICE PER GALLON $3.75

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