Question: useful in answering this question. ) 3 . The aged but centrally located golf course you manage does not have an in - ground automated

useful in answering this question.

)

3 .

The aged but centrally located golf course you manage does not have an in

-

ground automated water sprinkling system. Instead, to properly water the course, sprinklers and hoses must be repeatedly set, moved, and put away by some of the grounds crew

-

a tedious and laborious task. If over the next

12

years you project annual savings of about $

40, 000

from having an automated system, what is the maximum price you would be willing to pay today for an installed, automated golf course sprinkler system?

(

Assume an interest rate of

6 %,

and vou mav ignore income taxes.

)

useful in answering this question.) 3. The aged but centrally located

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