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SOLVE USING EXCEL FUNCTIONS, NOT HAND CALCULATIONS! 5-70 The following costs are associated with three tomato peeling machines being considered for use in a canning

image text in transcribedSOLVE USING EXCEL FUNCTIONS, NOT HAND CALCULATIONS!

5-70 The following costs are associated with three tomato peeling machines being considered for use in a canning plant. If the canning company uses an interest rate of 12%, which is the best alterna tive? Use NPW to make your decision. (Note: Consider the least common multiple as the study period.) Machine First cost $52,000 $63,000 $67,000 O&M costs 15,000 9,000 12,000 Annual benefit 38,000 31,000 37,000 Salvage value 13,000 19,000 22,000 Useful life (yrs) 4 12

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