Many institutions across the world teach bussiness studies and other related subject due to the high demand following the increasing number of students who enroll in the subject. Some end up specializing in higher institutions. Despite the subject being interesting, there are students who find it hard when handling different questions. At my homework writers, we offer finance assignment help. The following question is commonly tested.
Ramsis is a heavy equipment rental company. It is considering the purchase of a Tower crane at a price of BD 775.000 This crane is expected to operate for 12 years before retirement with no salvage value at the end. The company is planning to rent the crane for BD 108.000 per year starting year 2 and the rental increases by 10% thereafter Cost of this maintenance are expected to be BD 15,000 each year.
a) What is the discounted payback period, if the MARR is 8% per year?
b) In your engineering analysis study, which method would you select (Payback or Present worth) to solve this problem? And why?
Get Assignment Help
Finance assignments are challenging to many learners due to the wide scope that is covered. This makes students get into trouble when handling questions. At my homework writers, we have experts in the field who can help you do your assignment at a student-friendly price. The work will be delivered on time and written based on the instructions.