5. An existing asset cost $35,000 when it was purchased new 7 years ago. It has a current resale value of $15,000, a remaining life of 4 years with zero resale value thereafter, and operating and maintenance costs of $24,000/year. A new asset is available that costs $55,000, has a life of 15 years with $5,000 resale value thereafter, and operating and maintenance costs of $20,000/year. MARR = 10%. An asset of this type is needed for the production process, for at least 40 years. Should the existing asset be replaced? Ignore taxes.

6. Retirement planning, considering Social Security and employer-sponsored plan, and/or individual plan. This is an open-ended question. Prepare a proposal where you outline the relevant numerical parameters and identify the data sources that would be used.

7. Death insurance planning, considering the typical policies that are available for term, universal life, and whole life. Prepare a proposal where you outline the relevant numerical parameters and identify the data sources that would be used. Possibly the only way to get reliable information is to solicit offers from companies, which means you will thereafter be besieged with phone calls and e-mail. Perhaps you should use a landline that is not yours, and a disposable email address.