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You have a five-year old lift crane that was originally purchased for $67,800. The crane can be sold today for $33,900. Future salvage value can
You have a five-year old lift crane that was originally purchased for $67,800. The crane can be sold today for $33,900. Future salvage value can be estimated using a declining balance depreciation rate of 30% per year. Operating and maintenance costs will be $15,300 this year and increasing by $2,500 per year. Your MARR is 9%. What is the EAC to keep the crane one more year? Round your answer to the nearest whole dollar
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