MARR $=12\%.$ This asset is similar across some other asset replacement questions:

An asset has a first cost of $$90,000$ and is expected to lose $$5,000$ in market value

each year, until the asset has a $0$$ market value. O&M costs for the first and second

year are expected to be zero, but in the third year the repair costs are expected to be

$$10,000$ and increase by $20\%$ per year thereafter. There is a required maintenance in

the $5^{th}$ year of $$20,000.EA{C}_6$ is within $$250$ of which of the following?

$23,460$

$23,960$

$24,460$

$24,960$

$25,460$

None of the above