Our company is considering to start a new product. We must choose between 3 options. Use Excel to decide which option to choose (if any). o Option 1 costs $10,000 and will earn $2000 annually O Option 2 costs $15,000 and will earn $2750 annually Option 3 costs $20,000 and will earn $3500 annually O Let’Ms define the lifetime of the products as 30 years. In Excel, construct a table and graph of the 3 Present Worths versus interest rate Summarize in a table at which range one is preferred ovzer the other
Our company is considering to start a new product. We must choose between 3 options. Use Excel to decide which option to choose (if any). o Option 1 costs $10,000 and will earn $2000 annually O Option 2 costs $15,000 and will earn $2750 annually Option 3 costs $20,000 and will earn $3500 annually O Let’Ms define the lifetime of the products as 30 years. In Excel, construct a table and graph of the 3 Present Worths versus interest rate Summarize in a table at which range one is preferred ovzer the other
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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Transcribed Image Text:Our company is considering to start a new
product. We must choose between 3
options. Use Excel to decide which option
to choose (if any).
o Option 1 costs $10,000 and will earn
$2000 annually
O Option 2 costs $15,000 and will earn
$2750 annually
Option 3 costs $20,000 and will earn
$3500 annually
O Let’Ms define the lifetime of the
products as 30 years.
In Excel, construct a table and graph of
the 3 Present Worths versus interest rate
Summarize in a table at which range one
is preferred over the other
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