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Funderland park is considering purchasing a new ride for

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Funderland Park is considering purchasing a new ride for $80,000. The ride would require annual operating costs of $25,000 throughout its expected useful life of 10 years. Salvage value is expect to be $8,000. Management expects to charge $2 per ride.

How many tickets would Funderland have to sell per year to make this an attractive investment assuming their discount rate is 8%?

Reference no: EM13575108

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