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Goodyear Tire and Rubber Corporation has three options of whether to purchase a piece of equipment now or wait and buy it in the near

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Goodyear Tire and Rubber Corporation has three options of whether to purchase a piece of equipment now or wait and buy it in the near future. The MARR requirement for the plant is a real return of 15% per year. If an inflation rate of 4% per year must be accounted for, determine the dollar value for each scenario and select the best option. Purchase the equipment for $80,000 now: Purchase it 3 years from now for $128,000: Purchase it 5 years from now that has the same buying power as $160,000 now

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