Question: solve using excel funtions (incream Salvage value (Year U) Different Lives 6- 6-45 A pump is needed for 10 years at a remote tion. The

solve using excel funtions

(incream Salvage value (Year U) Different Lives 6- 6-45 A pump is needed for 10 years at a remote tion. The pump can be driven by an electric motor if a power line is extended to the site. Otherwise, a gasoline engine will be used. Use an annual cash Tlow analysis and a 6% interest rate. How should the pump be powered? Electric Gasoline $9000 250 $2400 1200 50 600 300 First cost Annual operating cost Annual maintenance Salvage value 300 10 Life, in years

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