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B.2 Big Bro manufacturing company purchased a delivery van having a cost of P900 000.00, a life of eight years and a salvage value of

B.2 Big Bro manufacturing company purchased a delivery van having a cost of P900 000.00, a life of eight years and a salvage value of P75 000. Estimated maintenance cost is P20 000.00 per year with a major overhaul costing P80 000 required at the end of four years. Using a 14% MARR, find the annual cost of the van? (Ans. - P218 556.05)

-PLEASE USE AN ACTUAL FORMULA FOR ENGINEERING ECONOMY NOT AN EXCEL

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