In: Finance
Economics Question. Please answer ASAP! Will provide thumbs up!
Car's annual operating and maintenance (O&M) costs are given by the following schedule:
| 
 Year  | 
 Value  | 
| 
 1  | 
 50  | 
| 
 2  | 
 100  | 
| 
 3  | 
 100  | 
| 
 4  | 
 170  | 
| 
 5  | 
 240  | 
If MARR = 10%, and it is known that the value of O&M costs in the first year is the base annuity, define the value of parameter G in the equivalent arithmetic gradient series.
(Note: Don't use the $ sign in your answer and keep 2 decimal places)