Question 3 - Homework: Chapter X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... i Apps DOES THE KETO DI... Reading list Homework: Chapter 13 (B) Saved Help Save & Exit Submit 3 Matt Simpson owns and operates Quality Craft Rentals, which offers canoe rentals and shuttle service on the Nantahala River. Customers can rent canoes at one station, enter the river there, and exit at one of two designated locations to catch a shuttle that returns them to their vehicles at the station they entered. Following are the costs involved in providing this service each year: Fixed Costs Variable Costs 1.68 Canoe maintenance $ 2, 600 $ 5.50 points Licenses and permits 3,300 Vehicle leases 5,700 0 Station lease 7,220 Advertising 6,300 3.50 eBook Operating costs 21, 306 3.50 Print Quality Craft Rentals began business with a $28,000 expenditure for a fleet of 30 canoes. These are expected to last 10 more years, at References which time a new fleet must be purchased. Rentals have been stable at about 7,000 per year. Required: Matt is happy with the steady rental average of 7,000 per year. For this number of rentals, what price should he charge per rental for the business to make an annual 14% before-tax return on assets using life-cycle costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price per rental Mc