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Need some help solving this problem i have uploaded all the information needed. Josh Ritchey has just been hired as a cost engineer by a
Need some help solving this problem i have uploaded all the information needed.
Josh Ritchey has just been hired as a cost engineer by a large airlines company. Josh's first idea is to quit giving complimentary cocktails, wine, and beer to the international flying public. He calculates this will save drinks per year, and each drink costs $0 50, for a total of $2 3 million per year. Instead of complimentary drinks, Josh estimates that the airlines company can sell 1 7800 000 drinks at S4_50 per drink The net savings would amount to SIO_4 million per year' Josh's boss really likes the idea and agrees to give Josh a lumpsum bonus now equaling 0.07% of the present equivalent worth of four years of net savings. If the company's MARR IS 25% per year, what Josh's bonus? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 25% per year. Josh's bonus is (Round to the nearest dollar) O More Info Discrete Compounding Single Payment Compound Uniform Series 2 3 4 5 Amount Factor To Find F Given P 1.2500 1.5625 1.9531 2.4414 3.0518 Present Worth Factor To Find P Given F 0.8000 0.6400 0 5120 0.4096 0.3277 Compound Amount Factor To Find F Given A FIA 1 0000 2 2500 3.8125 5.7656 8.2070 Present Worth Factor To Find P Given A 0.8000 1 _4400 1 _9520 23616 2 6893 Sinking Fund Factor To Find A Given F 1 _oooo 0_4444 02623 0.1734 0.1218 Capital Recovery Factor To Find A Given P 1.2500 0 6944 0.5123 0.4234 0 3718 print Done
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