heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlew YouTube Gmail Chapter 8 Connect Homework Saved Help The CFO of a consulting engineering firm is deciding between purchasing Ford Explorers and Toyota 4Runners for company principals. The purchase price for the Ford Explorer will be $29,750. Annual maintenance costs for the Explorer are expected to be $525 per year more than that of the 4Runner. The purchase price for Toyota 4Runners is 35,000 The trade-in values after 3 years are estimated to be 50% of the first cost for the Explorer and 60% for the 4Runner. (a) What is the incremental ROR between the two vehicles? (b) Provided the firm's MARR is 12% per year, which vehicle should it buy? a) The incremental ROR between the two vehicles is 8 %. b) The firm should buy (Click to select) |as the incremental ROR is (Click to select) v the MARR