1 The Toro Company is expanding its El Paso, Texas plastic molding plant as it continues to transferwork from Juarez, Mexico contractors. The plant bought a P1.1 million precision injection moldingmachine to make plastic parts for Toro lawn mowers, trimmers, and snow blowers. The plant alsospent P275,000 for three smaller plastic injection molding machines to make plastic parts for anew line of sprinkler systems. The plant expects to hire 13 people, including some engineers forthe expansion.If the average loaded cost (i.e., including benefits) of each employee is P100,000 per year,determine the annual worth and future worth of the new systems and employees over a 5-yearstudy period. Use an investment return rate of 10% per year, and assume a 25% salvage value forthe new equipment.

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If the average loaded cost (i.e., including benefits) of each employee is P100,000 per year, determine the annual worth and future worth of the new systems and employees over a 5-year study period. Use an investment return rate of 10% per year, and assume a 25% salvage value for the new equipment.

If the average loaded cost (i.e., including benefits) of each employee is P100,000 per year, determine the annual worth and future worth of the new systems and employees over a 5-year study period. Use an investment return rate of 10% per year, and assume a 25% salvage value for the new equipment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The Toro Company is expanding its El Paso, Texas plastic molding plant as it continues to transfer
work from Juarez, Mexico contractors. The plant bought a P1.1 million precision injection molding
machine to make plastic parts for Toro lawn mowers, trimmers, and snow blowers. The plant also
spent P275,000 for three smaller plastic injection molding machines to make plastic parts for a
new line of sprinkler systems. The plant expects to hire 13 people, including some engineers for
the expansion.
If the average loaded cost (i.e., including benefits) of each employee is P100,000 per year,
determine the annual worth and future worth of the new systems and employees over a 5-year
study period. Use an investment return rate of 10% per year, and assume a 25% salvage value for
the new equipment.

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