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#15) A company is interested in determining whether to lease or buy a piece o equipment, assume their MARR is 9%. The costs of buying

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#15) A company is interested in determining whether to lease or buy a piece o equipment, assume their MARR is 9%. The costs of buying and operating the equipment are as follows:. Purchase Price $100,000 Useful Life 10 years Salvage value $12,000 Maintenance $1,000/year Insurance $1,200/year Operator cost day $200/day If the equipment is leased, in addition to incurring operator cost of $200 per day, the company has to pay a rental fee of $100 per day Determine the minimum number of days per year that the company has to use the equipment over its 10 year useful life to justify purchasing the equipment. a) leasing is the preferred option b) 170 days per year c) 200 days per year d) 360 days per year

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