A library shelving system has a first cost of $24,000 and a useful life of 9 years. The annual maintenance is expected to be $2,900. The annual benefits to the library staff are expected to be $8,900. If the effective annual interest rate is 10.5%, what is the benefit-cost ratio of the shelving system? 1.24 1.92 1.19 1.41

A library shelving system has a first cost of $24,000 and a useful life of 9 years. The annual maintenance is expected to be $2,900. The annual benefits to the library staff are expected to be $8,900. If the effective annual interest rate is 10.5%, what is the benefit-cost ratio of the shelving system? 1.24 1.92 1.19 1.41

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 10E

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