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You are considering buying a delivery van for your company. It will cost $55,000 right now (Year 0), and you estimate that with the van,
You are considering buying a delivery van for your company. It will cost $55,000 right now (Year 0), and you estimate that with the van, your profits will be $12,000 per year for Years 1 through 10. At the end of Year 10, you think you can sell the van for $7,000. Assume a MARR of 15% a. What is the present worth of the van? b. Is this investment worth considering? a. What is the present worth of this equipment? $1 (Round to the nearest dollar. Note that this value could be positive or negative.) b. Is this investment worth considering? O A. Yes OB. No
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