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Homework answers / question archive / Problem (8): A water pump, to be used by the city's maintenance department, costs $12,000

Problem (8): A water pump, to be used by the city's maintenance department, costs $12,000

Economics

Problem (8): A water pump, to be used by the city's maintenance department, costs $12,000. Operating and maintenance costs are $700 in the first year, increasing by $400 per year thereafter. The salvage value of the pump is declining by 25% each year. MARR is 12%. How often should the pump be replaced if the expected service life is 10 years?

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