Question

A farm equipment manufacturer is considering two types of controllers for one part of its production facility. Alternative 1 will have an equipment cost of $ 92,587, an installation cost of $ 26404annual M&O costs of $ 13,661 and a $ 6313 salvage value after 17 years. Alternative 2 will have an initial cost of $170,000 (including installation), an annual operating cost of $35,000, and $10,000 salvage value after its 8 year life. At an interest rate of 13.9% per year, the annual worth of the alternatives one is closest to

Answer 1

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