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What annual traffic rate will this bridge break

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A construction company plans to build a toll bridge. The initial cost of the bridge is $ 3,000,000, with an annual operating and maintenance cost of $600,000. The average toll for a vehicle is $3.00. The bridge will last for 25 years. At what annual traffic rate will this bridge break even? MARR= 10% per year. No salvage value for the bridge

Reference no: EM133066392

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