Week 5 Decision Problem with Sub-options; NPV; Ethics By Wed, 11:59 pm: Post the answer to the question below: bus ride to school would exceed the state maximum of 45 minutes. hazardous locations, and retrain its drivers. scheduled buses or as reserve buses. The useful life of a new minibus is projected to be five years also. Central Catskill School District uses a hurdle rate of 12 percent on all capital projects. Required: In memo format. Using the numbering and/or bullet points, if needed. Show numbers. 1. As the district controller, what capital budgeting model are available to make your decision and describe each. 2. Which capital budget model should you use and why? 3. Based on the information on your model, what should the board of education do