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Required information A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first cost of $178000, a salvage
Required information A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first cost of $178000, a salvage value of$80.000. a life oi1O years, a maintenance cost of $42,000 per year. and an operating cost of$320 per day. Alternatively, the company can rent the necessary equipment for $1060 per day and hire a driver at $180 per day. lithe company's MARR is 14% per year how many days per year must the company need the equipment in orderto justify its purchase? The company must need the equipment |:| days per year in order tojustify its purchase
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