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Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Gateway Tours is choosing between two bus models. One
Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain, but lasts much longer than the other. Gateway's discount rate is 11.3%. The company plans to continue with one of the two models for the foreseeable future. Based on the costs of each shown here: , which should it choose? (Note: dollar amounts are in thousands.) The EAA for the Old Reliable model is $. (Round to two decimal places.)
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