Question
In 2019, sales of bottled water in the Philippines totaled 34.0 gallons per person. Evian, a high-quality natural spring water, costs about P30.00 per bottle,
In 2019, sales of bottled water in the Philippines totaled 34.0 gallons per person. Evian, a high-quality natural spring water, costs about P30.00 per bottle, while Nature Spring may cost only P15.00 per bottle. On average, a local municipal water utility may provide drinkable tap water for P150 per 1000 gallons. If the average person drinks two bottles of water per day or uses 5 gallons per day to obtain the same amount of water from the tap, what are the present worth values per person for 1 year of drinking tap water versus bottled water using (a) Evian, and (b) Nature Spring? Use an interest rate of 6% per year, compounded monthly, and 30 days per month. (C). give the cash flow diagram
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