The cost of equipment to apply epoxy paint to a warehouse floor is $1400. Materials and supplies (masking tape, surface repair material, solvents, cleanup supplies, etc.) will cost $2.03 per ft2....

The cost of equipment to apply epoxy paint to a

warehouse floor is $1400. Materials and supplies

(masking tape, surface repair material, solvents,

cleanup supplies, etc.) will cost $2.03 per ft2. Alternatively,

a contractor can be hired annually to

do the job for $3.25 per ft2. If the cost of the equipment

will be recovered at i = 10% per year over a

3-year period with no salvage value, the number of

square feet that must be treated each year to justify

the equipment purchase is closest to:

(a) 460 ft2

(b) 953 ft2

(c) 1148 ft2

(d) 2457 ft2