Question: On second thoughts, x Y Z decides to keep the old truck. They can choose to retrofit it or not. The retrofit will cost $

On second thoughts, xYZ decides to keep the old truck. They can choose to retrofit it or not. The retrofit will cost $2,164. After the retrofit, the annual fuel and maintenance cost will be $631 for the first year and increases by $108 each year.
xYZ's minimum attractive rate of return is 4%. If xYZ will get rid of the old truck in six years, what is the total present cost of retrofit?
On second thoughts, x Y Z decides to keep the old

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