Question: The lining of a plating tank must be replaced every

The lining of a plating tank must be replaced every three years at the cost of approximately $2,000. A new lining material has been developed that is more resistant to the corrosive effects of the plating liquid and will cost approximately $4,000. If the required rate of return is 20% and annual property taxes and insurance amount to about 4% of the initial investment, how long must the new lining last to be more economical than the present one?



Sale on SolutionInn
Sales0
Views252
Comments
  • CreatedApril 15, 2015
  • Files Included
Post your question
5000