NO EXCEL

3. The city council of Morristown is considering the purchase of one new fire truck. The options are Truck X and Truck Y. The appropriate financial data are as follows: (10ptos) Fire-Truck Capital Investment $150,000 $128,000 Maintenance Cost/yr 12,000 10,000 Operating Cost/yr 5,000 3,000 Useful life 10 years 5 years Benefits /yr $80,000 $84,000 The purchase is to be financed by money borrowed at 6% per year. Use this information to answer the following: a. What is the Conventional Benefit Cost Ratio for Fire-Truck X and Y? b. Which Fire-Truck should be purchase? 3. The city council of Morristown is considering the purchase of one new fire truck. The options are Truck X and Truck Y. The appropriate financial data are as follows: (10ptos) Fire-Truck Capital Investment $150,000 $128,000 Maintenance Cost/yr 12,000 10,000 Operating Cost/yr 5,000 3,000 Useful life 10 years 5 years Benefits /yr $80,000 $84,000 The purchase is to be financed by money borrowed at 6% per year. Use this information to answer the following: a. What is the Conventional Benefit Cost Ratio for Fire-Truck X and Y? b. Which Fire-Truck should be purchase