Question

Ten years ago, Jacobson Recovery purchased a
wrecker for $285,000 to move disabled 18-wheelers.
He anticipated a salvage value of $50,000 after 10
years. During this time his average annual revenue
totaled $52,000. ( a ) Did he recover his investment
and a 12% per year return? ( b ) If the annual M&O
cost was $10,000 the fi rst year and increased by a
constant $1000 per year, was the AW positive or
negative at 12% per year? Assume the $50,000 salvage was realized.

Answer 1

Answer:

I don't know

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