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-9 A city engineer knows that she will need $25 million in3 years to implement new automated toll booths on atoll road in the city. Traffic on the road is

estimated to be 3 million vehicles per year. How much per vehicle should the toll be to cover the cost of the toll booth replacement project in 3 years? Interest is 8%.(Simplify your analysis by assuming that the toll receipts are received at year end as a lump sum.)

Fig: 1