A library shelving system has a first cost of $24,000 and a useful life of 9 years. The annual maintenance is expected to be $2,900. The annual benefits to the library staff are expected to be $8,900. If the effective annual interest rate is 10.5%, what is the benefit-cost ratio of the shelving system? 1.24 1.92 1.19 1.41

A library shelving system has a first cost of $24,000 and a useful life of 9 years. The annual maintenance is expected to be $2,900. The annual benefits to the library staff are expected to be $8,900. If the effective annual interest rate is 10.5%, what is the benefit-cost ratio of the shelving system? 1.24 1.92 1.19 1.41

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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