Contemporary Engineering Economics 6th Edition by Chan Park

Exercise 5

Jennifer Ozman is a sales engineer at Montana Chemical Engineering Company. Jennifer owns two vehicles, and one of them is entirely dedicated to business use. Her business car is a used, small pickup truck, which she purchased with $11,000 of personal savings. On the basis of her own records and with data compiled by the U.S. Department of Transportation, Jennifer has estimated the costs of owning and operating her business vehicle for the first three years as given in Table.
If her interest rate is 7%, what should be Jennifer's reimbursement rate per mile so that she can break even
TABLE