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The aged but cenrally located golf course you manage does not have a in - ground automated water sprinkling system. Instead, to properly water the
The aged but cenrally located golf course you manage does not have a inground automated water sprinkling system. Instead, to properly water the course, sprinklers and hoses must be repeatedly set, moved, and put away by some of the grounds crew a tedious and laborious task. If over the next years, you project annual savings of about $ from having an automated system, what is the maximum price you would be willing to pay today for an installed, automated golf course sprinkler system? Assume a interest rate of and you may ignore income taxes
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