Question: In cleaning out some files that were left behind by the engineer who preceded you in your current job, you found an old report that

In cleaning out some files that were left behind by the engineer who preceded you in your current job, you found an old report that had a calculation for the present worth of certain maintenance costs for state highways. The report contained the following equation (with cost in $1 million):
12{1 – [(1 + 0.03)/(1 + 0.06)] x}/(0.06 – 0.03) = 140
The value of x that was used in the calculation was illegible. What is its value?

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