Q1- Katherine, a biology major at the University of Texas, is a pretender. She wants to...

Q1- Katherine, a biology major at the University of Texas, is a pretender. She wants to run for office one day and pretends that she cares about the elderly. She wants to provide meals to elderly care centers, and in order to do that she needs refrigerators to keep the food in a cold and dry environment. She has two option for mobile refrigerators. Applying annual cash flow techniques (EAUW), and considering a MARR of 8%, which option should she pick? please explain all steps and what equations are use thank you.

	Option 1	Option 2
Initial cost P, $	15,000	20,000
Annual O&M, $/year	6,000	9,000
Refurbishment cost, $	0	2000 (every 4 years)
Trade in value S, % of P	20	40
Life, years	4	12

Expert Solution

jeff jeffy answered 1 year ago

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