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Question 8 10 points Save Answer Jim's Steakout is considering purchasing a food truck to expand their operations. They can purchase a gently used truck for $94,000. They expect to use this truck for the next five years, at which time they expect to sell this truck for 20% of its original purchase price. They have estimated that annual labor costs will be $55,000, annual gas expense to be $26,000 and annual food/material costs to be $775,000. They also anticipate earning $990,000 in revenue each year just from the food truck business. Which of the following most closely represents Jim's annual equivalent cost for this investment? Assume that MARR is 8%. IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf A $934,349 B. $826,842 c $31,755 D. $20,342