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1. As part of a new residential development, the City of Prescott is considering a new pump system to provide water. Before making a final
1. As part of a new residential development, the City of Prescott is considering a new pump system to provide water. Before making a final decision on a particular pump system, the City Engineer needs provide management with an annual cost for budgeting purposes over the next four- years. The pump costs have already been accepted. Using the data in the following table, what is the equivalent annual maintenance cost for the system, assuming 4% interest is available to the City for bonding purposes? [Hint - consult slides 33 and 34 from 10/26/2021 lecture.] Maintenance Year Cost 1 $200 2 $400 3 $600 4 $800 - AWN
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