Question: Question 2 1 p t s A contractor must choose between buying or renting a crane for the duration of a 3 year construction project.

Question 2
1pts
A contractor must choose between buying or renting a crane for the duration of a 3 year construction project. The contractor uses an MARR of 8%. The crane costs $560,000 and can be sold for $380,000 after 3 years. The cost to operate and maintain the crane is $210,000 per year. Renting the crane costs $350,000 per year including all operating and maintenance costs. Determine the future worth of costs (FWC) for the contractor's best option. Express your answer as a positive number is $ to the nearest $1,000.
Question 2 1 p t s A contractor must choose

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