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- A certain property is being sold and the owner receives two bids. The first bidder offered to pay P400000 each year for 5 years and the payment is to be made at the beginning of each year. The second bidder offered to pay P240000 fest ysar, P350000 the second year, and P540000 each year for the next 3 years, all payments to be made at the beginning of each ysar, If money is worth 20% compounded annually, which bid should the owner of the property accept?A concrete pavement on a street would cost 10,000 and wouldlast for 5 years with negligible repairs. At the end of each 5years, 1,000 would be spent to remove the old surface before10,000 is spent again to lay a new surface. Find the capitalizedcost of the pavement at 5%.Your boss wants to buy an equipment for 30,000php. It is believed that this equipment will bring an additional 8,500 php income per year. The equipment's value after 5 years will be 4, 500 php. Your boss asks you at what value should the MARR be to break even between profit or loss. What would be your answer? Solve using present worth, annual worth and future worth. Tabulate your answers and show cash flow diagram.
- A purchase of a new machine is being evaluated. If we assume 12% annual interest, what is the Equivalent Uniform Annual Cost? Choose the nearest answer. Initial Cost $30,000 Annual Maintenance $1,500 Salvage Value $5,000 Life 6 yearsEngineering Economics19 Please show a step by step solution using Present worth method thanks pleaseA firm will install one of two mechanical devices to reduce costs. Both devices have useful lives of 5 years and no salvage value. Device A costs $10,000 and can be expected to result in $3000 savings annually. Device B costs $13,500 and will provide cost savings of $3000 the first year, but savings will increase $500 annually, making the second-year savings $3500, the third-year savings $4000, and so forth. With interest at 7%, which device should the firm purchase?
- MARR 20% EOY Cash Flow 0 $(70,000.00) 1 $ 20,000.00 2 $ 19,000.00 3 $ 18,000.00 4 $ 17,000.00 5 $ 16,000.00 6 $ 15,000.00 7 $ 14,000.00 8 $ 13,000.00 9 $ 12,000.00 10 $ 11,000.00 11 $ 10,000.00 12 $ 9,000.00 13 $ 8,000.00 14 $ 7,000.00 15 $ 6,000.00 16 $ 5,000.00 17 $ 4,000.00 18 $ 3,000.00 19 $ 2,000.00 20 $ 1,000.00 Plot a graph of FW versus MARR, where MARR varies from 0 percent to 50 percent by 1 percent increments.FW should be on the y-axis and MARR on the x-axis. How do you find FW? Please show all steps and formulas used in excel format. Thank you!MARR 20% EOY Cash Flow 0 $(70,000.00) 1 $ 20,000.00 2 $ 19,000.00 3 $ 18,000.00 4 $ 17,000.00 5 $ 16,000.00 6 $ 15,000.00 7 $ 14,000.00 8 $ 13,000.00 9 $ 12,000.00 10 $ 11,000.00 11 $ 10,000.00 12 $ 9,000.00 13 $ 8,000.00 14 $ 7,000.00 15 $ 6,000.00 16 $ 5,000.00 17 $ 4,000.00 18 $ 3,000.00 19 $ 2,000.00 20 $ 1,000.00 Plot a graph of FW versus MARR, where MARR varies from 0 percent to 50 percent by 1 percent increments.FW should be on the y-axis and MARR on the x-axis.Use Present Worth Analysis to determine whether Alternative A or B should be chosen. Items are identically replaced at the end of their useful lives. Assume an interest rate of 6% per year, compounded annually. Alternative A Alternative B Initial Cost Annual Benefit Salvage Value Useful Life (yrs) 400 40 170 2 1,000 48 257 3 O Alternative A, because it costs $736.29 less than Alternative B, in terms of present worth Alternative B, because it costs $736.29 more than Alternative A, in terms of present worth Alternative A, because its present worth is positive Alternative B, because it only incurs the initial cost once every three years instead of every two years
- Problem 3. Calculate the annual worth in years 1 through 10 of the following series of incomes and expenses, if the interest rate is 10% per year. Year 0 1-6 7-10 Income, S/Year 10,000 800 900 Expense, S/Year 2000 200 300Use Present Worth Analysis to determine whether Alternative A or B should be chosen. Items are identically replaced at the end of their useful lives. Assume an interest rate of 10% per year, compounded annually. Alternative A Alternative B Initial Cost 490 1,315 Annual Benefit 80 266 Salvage Value 228 451 Useful Life (yrs) 2 3 O Alternative B. because it costs $142.96 more than Alternative A, in terms of present worth O Alternative A, because it costs $142.96 less than Alternative B, in terms of present worth Alternative A. because its present worth is positive Alternative B, because it only incurs the initial cost once every three years instead of every two yearsA firm is considering which of twodevices to install to reduce costs. Both devices have useful lives of 5 years and no salvage value. Device A costs $10,000 and can be expected to result in $3000 savings annually. Device B costs $13,500 and will provide cost savings of $3000 the first year but will increase $500 annually, making the second-year savings $3500, the third-year savings $4000, and so forth. For a 7% MARR, which device should the firm purchase?