question archive A firm purchased some equipment at an initial cost of $75,000
A firm purchased some equipment at an initial cost of $75,000
Subject:FinancePrice: Bought3
A firm purchased some equipment at an initial cost of $75,000. The
equipment yielded an annual net saving of $9,000 per year during its 12-year life. At the end of 12 years, the equipment was sold for $10,000. Assuming an interest rate of 8%, did the equipment purchase prove to be desirable? Make your estimates in terms of EUAW.
