A manufacturer moves pallets of materials with a forklift truck. He has consistently used the same make and model of forklift over the past several years. The purchase price has been relatively constant at $8,000 each. Records of operation and maintenance indicate these average expenses per year as a function of age of the vehicle. The salvage (market) values of the forklift are also reasonably well known as a function of age. Find the best time to replace a forklift truck when the MARR=16% per year.

A manufacturer moves pallets of materials with a forklift truck. He has consistently used the sama make and modal of forklift over tha past several years. The purchase prica has been rlatively constant at 0,000 ch. Records of operation and maintanance indicats these averaga expenses per year as a function of age of the vehicle Tha sa age i market) values of the forklift are also reasonably well known as a function of age Find th best time to eplace a forklift truck when the MARR= 16% per year El Click the icon to viaw the avarage expenses per yean E Click the icon to view the selvage (market) values of the forklft. Click the icon to view the interest and annuity table for discrt compounding when MAR-16% Per year Fill the table below. (Round to the nearest dollar.) 3 6,280 356 5564 $ 5,670" 5,746 Dala Table 6 Reference Discrete Compoundin : i: 16% Single Payment Uniform Series Compouned Sinking Capital $3,00 AmountPresent AmountPresent FundRecovery Factor Factor To Find F Worth Facto To Find P P Given Factor To Find F Given A Woth Factor To Find P Given A Data Table To Find A To Find A Given Given Given AP 1.3456 1.5609 1.8106 0.7432 0.6407 0.5523 04761 4104 1.0000 0.4630 0.2853 0.6230 3.5056 2.2459 2.2 2.7982 3.2743 3,6847 4.0386 4.3436 0.4453 0.3054 0.2476 Salvage Value 6,000 S5,000 $4,000 52.500 $1.250 68771 .9775 11.4139 14 2401 2.4364 2.8262 0.0876 0.0702 Print Done 0.2302