Question: Please solve using Present Worth method. Jevany wants to buy a truck from Leo and Friends Company. She's considering between three types of brand namely:

Please solve using Present Worth method.

Please solve using Present Worth method. Jevany wants to buy a truck

Jevany wants to buy a truck from Leo and Friends Company. She's considering between three types of brand namely: JoyMart, DeymYell and Nick-Olah. Pertinent are shown in the figure. If the minimum required rate of return is 17%, what should be selected? * JOYMART DEYMYELL NICK-OLAH First Cost 300, 000 400, 000 200, 000 Annual Operating 20, 000 30, 000 40, 000 Cost Annual Labor Cost 50, 000 40, 000 30, 000 Insurance and 3% 3% 3% Property Taxes Payroll Taxes 3% 3% 3% Estimated Life 20 20 20

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