The Vaughn Inc., a manufacturer of low sugar, low sodium, low cholesterol TV dinners, would like to increase his market share in the Sun Belt. In order to do so, Vaughn has decided to locate a new Factory in the Panama City area. Von will either buy or lease a side depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs.

Exercise 6-11 Marigold Excavating Inc. is purchasing a bulldozer. The equipment has a price of $106,000. The manufacturer has offered a payment plan that would allow Marigold to make 12 equal annual payments of $14,802.96, with the first payment due one year after the purchase How much total interest will Marigold pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e-g. 458,581.) Total interest 71,635.52 LINK TO TEXT Marigold could borrow $106,000 from its bank to finance the purchase at an annual rate of 8% abl Should Marigold borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round answer to O decimal places, e.g. 79%.) Manufacturer's rate Open Show Work Click if you would like to Show Work for this