An automatic process controller will eliminate the current manual control operation. Annual cost of the current method

Question:

An automatic process controller will eliminate the current manual control operation. Annual cost of the current method is $4,000. If the controller has a service life of 13 years and an expected market value of 11% of the first cost, what is the maximum economical price for the controller? Ignore interest.
(a) $28,869
(b) $58,426
(c) $26,358
(d) $25,694
(e) $53,344
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Question Posted: