A bulk materials hauler purchased a used dump truck for $50,000 two years ago. The operating costs

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A bulk materials hauler purchased a used dump truck for $50,000 two years ago. The operating costs have been $5000 per month and revenues have averaged $7500 per month. The truck was just sold for $11,000. The rate of return is closest to:

(a) 2.6% per month

(b) 2.6% per year

(d) 15.6% per year

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 12, 2018 10:41 AM

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A bulk materials hauler purchased a used dump truck for $50,000 two years ago. The operating costs

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Engineering Economy

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