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#38 A farmer is considering two different tractors for his business. Each tractor has a different price but also a different life span. The farmer
#38 A farmer is considering two different tractors for his business. Each tractor has a different price but also a different life span. The farmer will have to replace either tractor at the end of its useful life and start again. We will assume that the farmer has a discount rate of 9.00%. unanswered not_submitted MODEL A: Initial cost of $14,350.00, Yearly operating cost of $949.00 for 7.00 years. Attempts Remaining: 3 MODEL B: Initial cost of $12,822.00, Yearly operating cost of $1,502.00 for 9.00 years. What is the NPV of buying tractor A?(HINT: This will be a negative number) Submit Answer format: Currency: Round to: 2 decimal places
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