Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 6, Problem 8P
To determine

Calculate the interest rate.

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"There are three machines in the mechancical engineering lab A. B, and C and need to be evaluated economically. Machine A has a first cost of $4500, an annual operating cost (AOC) of $900, a salvage value of $200, and a service life 4 years. Machine B has a first cost of $3500, an annual operating cost (AOC) of $700, a salvage value of $350 and a service life 4 years. Machine C has a first cost of $6000, an annual operating cost (AOC) of $50, a salvage value of $100, and a service life 8 years. What is the present worth for machine C? The MARR is 10% per year" -$6,250 -$6,222 -$7,002 -$6,300 O O O O
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