Question: Camera 2 costs $5,200. It will also last for eight years and have maintenance costs of $870 in year three. $900 in year five, and
Camera 2 costs $5,200. It will also last for eight years and have maintenance costs of $870 in year three. $900 in year five, and $1,000 in year seven. After eight years, the camera will have no resale value. (EVoIS1 PV ofSL EVA oIS1, and PVA of S1) (Use tables, Excel, or a finencial caleulator. Round your answers to 2 decimal ploces.) Required: 1.a. Assume that an interest rate of 10% properly reflects the discount rate in this situation and that maintenance costs are paid at the end of each yeac. Determine the total cost of cameras. 1.b. Which camera should Hollywood Tabloid purchase? Complete this question by entering your answers in the tabs below. Assume that an interest rate of 10% properfy reflects the discount rate in this situation and that maintenance costs are paid at the end of each year. Determine the total cost of cameras
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