Question: An automatic process controller will eliminate the current manual control operations. The annual cost of the current method is $5,000. If the controller has a

An automatic process controller will eliminate the current manual control operations. The annual cost of the current method is $5,000. If the controller has a service life of 12 years, and an expected market value of 10% 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) $66,666.67

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