Please solve question 7 using the data from question 5. Question 5Cost data of a machine is shown in the following table with an annual rate of 12%.Calculate annual worth at end of year 2.Retention Yr.Market Value0 (First Cost) 55,000135,000220,000315,00042,000M&O costper year45,00047,50050,00053,500 Question 7Use the same cost data of the machine from the above 2 questions and 12% interest rateper year. What is the ESL of this machine?O12+

Economic Service Life (ESL) is a concept used in capital budgeting and asset management to determine…

Answered: Question 7 Use the same cost data of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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A rectangle is a four-sided figure that has two sets of parallel sides, so that we have two sides of one length and two sides of another length; a square is just a special case of a rectangle in which all four sides are the same length. Therefore, the procedure for calculating area is the same no matter whether we are dealing with a rectangle or a square. The area of a rectangle is calculated as follows: Area = base x height = b × h In this formula, the base is the width of the rectangle and the height is simply how tall the rectangle Is. For example, if we have a rectangle that is 20 centimeters wide and 10 centimeters tall, its area can be calculated as follows: Area = 20 cm x 10 cm = 200 cm² Note the superscript '2' In our answer; this is because we have multiplied centimeters by centimeters. In economics, we are more likely to be dealing with quantities bought or sold and prices, so don't worry about it too much for our discussion. The area of a triangle A triangle is really just a…
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Question 7 Use the same cost data of the machine from the above 2 questions and 12% interest rate per year. What is the ESL of this machine? 1 2 3