## (Solved by Expert Tutors) A forklift will last for only 2 more years.

 A forklift will last for only 2 more years. It costs \$5,800 a year to maintain. For \$20,000 you can buy a new lift that can last for 9 years and should require maintenance costs of only \$2,800 a year.

 a-1. Calculate the equivalent cost of owning and operating?if the discount rate is 5% per year??(Do not round intermediate calculations. Round your answer to 2 decimal places.)

 ??Equivalent cost \$???

a-2. Should you replace the forklift?
? ?
?
 Yes No

 b-1. Calculate the equivalent cost of owning and operating if the discount rate is 14% per year??(Do not round intermediate calculations. Round your answer to 2 decimal places.)

 ??Equivalent cost \$???

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This question was answered on: Apr 19, 2020

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