Desiring to stay in shape this semester, you are debating between joining the fitness center at your university versus paying on a “per-use” basis. Joining the fitness center costs $80 for the semester, but you can use the facilities as often as you like at no additional cost. Alternatively, you can pay on a per-use basis, with each visit costing $4. You believe that you will use the fitness center once a week, or 16 times for the semester.

Required:
a. What is your goal for this decision problem?
b. What are the options available to you?
c. What is the cash outflow for the semester for each option?
d. Based on your answer to part (c), what should you do?