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PROBLEM 4 (20 pts) Determine which of the following alternatives, if any, is the best by using the following methods and assuming a 9% interest
PROBLEM 4 (20 pts) Determine which of the following alternatives, if any, is the best by using the following methods and assuming a 9% interest rate (and 9% minimum attractive rate of return). You may find that this problem is most easily solved by setting it up in Excel. (a) Present worth (b) Future worth (c) Annual cost (d) Rate of return Year WN-o -$16,000 +6,000 +6,000 +6,000 $19,000 +8,000 +8,000 +8,000 -$24,000 +10,000 +10,000 +10,000
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