A construction firm is considering establishing an engineering computing center. The center will be equipped with three engineering workstations that cost $45,000 each, and each has a service life of five years. The expected salvage value of eachworkstation is $2,000. The annual operating and maintenance cost would be $25,000 for each workstation. At a MARR of 15%, determine the equivalent annual cost for operating the engineering center.Click the icon to view the interest factors for discrete compounding when MARR= 15% per year.CThe equivalent annual cost is $thousand. (Round to the nearest whole number.)More InfoWorthSingle PaymentCompound PresentAmountFactor(F/P, i, N)1.1500CompoundAmountFactor(F/A, i, N)Factor(P/F, i, N)0.88961.00001.32250.75612.15001.52090.65753.47250.57184.99341.74902.01140.49726.74240.43238.75370.375911.06882.31312.68003.05903.51790.326913.72680.284316.78584.04560.247220.3037SAWNIN23456789910Equal Payment SeriesSinking PresentFundWorthFactorFactor(A/F, i, N)(P/A, i, N)1.00000.88960.48511.62570.28802.28320.20032.85500.14833.35220.11423.78450.00044.16040.07294.48730.05964.77180.04935.0188CapitalRecoveryFactor(A/P, i, N)1.15000.61510.43800.35030.29830.28420.24040.22290.20960.1993X

Given annual operating and maintenance cost for each workstation is $25,000 MARR = 15% Service life…

A construction firm is considering establishing an engineering computing center. The center will be equipped with three engineering workstations that cost $45,000 each, and each has a service life of five years. The expected salvage value of each workstation is $2,000. The annual operating and maintenance cost would be $25,000 for each workstation. At a MARR of 15%, determine the equivalent annual cost for operating the engineering center. Click the icon to view the interest factors for discrete compounding when MARR = 15% per year. The equivalent annual cost is thousand. (Round to the nearest whole number)

A construction firm is considering establishing an engineering computing center. The center will be equipped with three engineering workstations that cost $45,000 each, and each has a service life of five years. The expected salvage value of each workstation is $2,000. The annual operating and maintenance cost would be $25,000 for each workstation. At a MARR of 15%, determine the equivalent annual cost for operating the engineering center. Click the icon to view the interest factors for discrete compounding when MARR = 15% per year. The equivalent annual cost is thousand. (Round to the nearest whole number)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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