Question: 1. (10 pts) Your company must either (A) replace its delivery thick now at a cost of $85,000, or (B) repair the old thick by

1. (10 pts) Your company must either (A) replace its delivery

1. (10 pts) Your company must either (A) replace its delivery thick now at a cost of $85,000, or (B) repair the old thick by having its engine and transmission rebuilt, which will extend the life of the truck for four years. After four years, the rebuilt truck would then have to be replaced at a cost of $96,000. If you can invest money today at 7% APR compounded monthly, what is the maximum cost of the repair that makes option (B) feasible

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