Question: Reconsider Problem 65. Plot a graph of capital recovery cost versus useful life for lives 1 to 25 by 1. Data from problem 65 Crush

Reconsider Problem 65. Plot a graph of capital recovery cost versus useful life for lives 1 to 25 by 1.

Data from problem 65

Crush Autosmashers can purchase a new electromagnet for moving cars at a cost of $$20,000.$ At the end of its useful life, the electromagnet will be worth $$1,000.$ If Crush’s MARR is 12 percent/year, how many years must the electromagnet last so that its capital recovery cost will be $$3,000/year$ or less?

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