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7. Jackson State University is evaluating two options. It can perform online distance learning upgrades now for $75,000 or it can defer for 5 years
7. Jackson State University is evaluating two options. It can perform online distance learning upgrades now for $75,000 or it can defer for 5 years when the cost is expected to increase to $165,000. Economist expects a real MARR of 11% per year with an average inflation rate of 3.5%. Using the FUTURE WORTH ANALYSIS, determine if Jackson State should purchase now or later: a. When inflation is not considered (5pts) b. When inflation is considered (5pts)
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