Question: PROBLEM 6 ( 1 0 points ) . A petroleum company, whose minimum attractive rate of return is 1 0 % , needs to paint

PROBLEM 6(10 points). A petroleum company, whose minimum attractive rate of return is 10%, needs to paint the vessels and pipes in its refinery periodically to prevent rust. "tuff-Coat", a durable paint can be purchased for $8.05 per gallon while "Quick-Cover", a less durable paint, costs $3.25 per gallon. The labor cost applying a gallon of paint is $6.00. Both paints are equally easy to apply and will cover the same area per gallon. "Quick-Cover" is expected to last 5 years and "Tuff-Coat" is expected to last 11 years. Which paint do you recommend?

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