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Nuts and Bolts Corporation sells nuts, bolts and brackets to local construction and auto repair companies. Dan all-in Johnstone is the CEO of the firm.
Nuts and Bolts Corporation sells nuts, bolts and brackets to local construction and auto repair companies. Dan "all-in" Johnstone is the CEO of the firm. The firm wishes to purchase a several electric hand-dryer units for its two offices. The upfront cost of the dryers are $800 each and ongoing costs of $100 per year. Each dryer is expected to be obsolete after 8 years. What is the equivalent annual cost of hand-dryers? Nuts and Bolts cost of capital is 14%.
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