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Following problems from your textbook: 1. Problem 4.30 and use the LCM method to conduct both a ranking and incremental PW analysis. (Can either do

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Following problems from your textbook: 1. Problem 4.30 and use the LCM method to conduct both a ranking and incremental PW analysis. (Can either do this on paper or using excel.) 4.30 Benjamin is an engineer with the Lego Group in Bellund, Denmark, manufacturers of Lego toy construction blocks. He is responsible for the eco- nomic analysis of a new production method of special-purpose Lego parts. Method 1 will have an initial cost of $400,000, an annual operating cost of $140,000, and a life of three years. Method 2 will have an initial cost of $600,000, an operating cost of $100,000 per year, and a six-year life. As- sume 10% salvage values for both methods. If Lego Industries uses a MARR of 15% per year, which method should it select on the basis of a present worth analysis

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