Jennifer Ozman is a sales engineer at Montana Chemical Engineering Company. Jennifer owns two vehicles, and one of them is entirely dedicated to business use. Her business car is a used, small pickup truck, which she purchased with $11,000 of personal savings. On the basis of her own records and with data compiled by the U.S. Department of Transportation, Jennifer has estimated the costs of owning and operating her business vehicle for the first three years as given in Table P6.27.
If her interest rate is 7%, what should be Jennifer's reimbursement rate per mile so that she can break even?

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First Year Second Year Third Year $1,545 220 635 Depreciation Scheduled maintenance Insurance Registration and taxes Total ownership cost Nonscheduled repairs Replacement tires Accessories Gasoline and taxes Oil Parking and tolls $2.879 100 635 78 $1,776 153 635 $3,692 35 35 15 688 80 $2,621 85 30 13 650 100 50 S2.450 200 27 12 522 100 Total operating costs$988 54.680 14,500 135 5 10 $971 $3.421 11,500 1.003 $3,624 13,000 Total of all costs Expected miles driver