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QUESTION 1 A company can buy or lease a piece of equipment. The information for buy and lease is given below. The equipment is estimated
QUESTION 1 A company can buy or lease a piece of equipment. The information for buy and lease is given below. The equipment is estimated tohave a 4-year life. If the company decided to buy the equipment, how many days per year should the company utilize the equipment to breakeven with the lease option at an interest rate of 9% per year? Hint: Convert costs to annual values. Enter a positive value for the first cost. Buy Lease First cost, $ 97,000 0 Maintenance cost, $/day 330 580 Life, n 4 4 QUESTION 1 A company can buy or lease a piece of equipment. The information for buy and lease is given below. The equipment is estimated tohave a 4-year life. If the company decided to buy the equipment, how many days per year should the company utilize the equipment to breakeven with the lease option at an interest rate of 9% per year? Hint: Convert costs to annual values. Enter a positive value for the first cost. Buy Lease First cost, $ 97,000 0 Maintenance cost, $/day 330 580 Life, n 4 4
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