The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $2.400 million per mile. If the effective life ofthe fence is 9.00 years, determine the equivalent annual cost of a/an 10.00-mile long fence at an interest rate of 13.00% peryear. (Round the final answer to three decimal places.)The equivalent annual cost is $4422949

Step 1: Calculate the total cost of the fenceFirst, let's determine the total cost of the 10-mile…

Answered: The cost of a fence that can detect…

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 7E

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