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Problem 2 (15 points) Your new factory is going gangbusters! You have so many trucks bringing materials in and product out that you need

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Problem 2 (15 points) Your new factory is going gangbusters! You have so many trucks bringing materials in and product out that you need a new driveway. It will cost $200,000 to construct. Annual maintenance will start at $3000 per year increasing by $200 each year. In addition, it will need a major overhaul every 10 years costing $40,000. We expect the factory to be useful for the next 30 years. Your MARR is 12%. Find the Annual Worth of the total expense for this driveway over 30 years. If I were you, I wouldn't pay for a major overhaul in the last year!

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