Question: 28. Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain, but lasts much longer than the other. Its

 28. Gateway Tours is choosing between two bus models. One is

28. Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain, but lasts much longer than the other. Its discount rate is 11%. It plans to continue with one of the two models for the foreseeable future; which one should it choose? Based on the costs of each model shown below, which should it choose? Model Old Reliable Short and Sweet 0 -200 -100 1 -4 -2 2 -4 -2 3 -4 -2 4 -4 -2 5 -4 6 -4 7 -4

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