He said he had $4000. Also, there would be no need for a box truck if he had $400 to buy the wire.
To the OP - You could maybe make some money off of this but not as much as you expect with the numbers you gave. First, I agree you probably won't be buying from the yard at 1.10. But, see how much they would sell at. You could probably get a better price locally if you are bringing over a ton of romex so that is something to look at as well.
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