Ralph knows he will soon have to replace his roof. If he replaces the roof now, it will cost him $10,000. He could wait 5 years, but then it will cost him $20,000. At what price will these options cost the same? This is also known as the break-even point. (Allow two decimal places in the percentage but do not enter the % sign.)

Answer rating: 100% (QA)

To find the breakeven point or the price at which both options cost the same you need to compare the ... View the full answer