A company received from a dealer who wishes to offer a new generator to power their industrial hoist for the replacement of their existing unit. The company wants to know how much they could afford to...

A company received from a dealer who wishes to offer a new generator to power their
industrial hoist for the replacement of their existing unit. The company wants to know how much they could afford to pay for another unit for the same purpose if the money is worth 10%. Data as follows:

Given:
Required:
Solution:

Extracted text: A company received from a dealer who wishes to offer a new generator to power their industrial hoist for the replacement of their existing unit. The company wants to know how much they could afford to pay for another unit for the same purpose if the money is worth 10%. Data as follows: Existing Generator A New Generator Investment 25, 000.00 Efficiency 85% Maintenance per year 800.00 600.00 Salvage Value 10, 000.00 FOR SALE 15, 000.00 Service Life 10 10