Snow Valley Ski Resort has been contracting snow removal from its parking lots at a cost of $380/day. A snow-removal machine can be purchased for $22,000. The machine is estimated to have a useful life of 6 years with a zero salvage value at that time. Annual costs for operating and maintaining the equipment are estimated to be $3,500. Determine the break-even value for the number of days per year that snow removal is required in order to justify purchasing the snow-removal machine. MARR is 12%/year.

Chapter 11, Problem 011 Snow Valley Ski Resort has been contracting snow removal from its parking lots at a cost of $380/day. A snow-removal machine can be purchased for $22,000. The machine is estimated to have a useful life of 6 years with a zero salvage value at that time. Annual costs for operating and maintaining the equipment are estimated to be $3,500. Determine the break-even value for the number of days per year that snow removal is required in order to justify purchasing the snow-removal machine. MARR is 12%/year. Break-even value: days Carry all interim calculations to 5 decimal places and then round your final answer up to the nearest day. The tolerance is 1