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Using the information provided, if a project manager requires the use of a piece of equipment, how many days must he rent the equipment before the cost is equal to the total cost of leasing the equipment for one year?
Correct Answer: D
The answer listed is: 100 days. Rental cost = 100 per day Lease cost = 3000 + 70 per day Say, in x days after Rental Cost equals to Leasing cost. At this point: 100 x = 3000 + 70 x. So, x = 100 days