Engineering Economics

Question 5 of 6 8 Points An electric cooperative is considering the use of a concrete electric pole in the expansion of its power distribution lines. A concrete pole costs P18,000.00 each and will last 20 years. THE company is presently using creosoted wooden poles, which cost P 12,000.00 each and will last 10 years. If the money is worth 12% which pole should be used? Assume annual taxes amount to 1% of the first cost and zero salvage value in both cases. Use FWCM