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- Two plans are available for a company to obtain automobiles for its salesmen. Use an interest rate of 10%. Plan A: Lease the cars and pay $0.20 per mile. Plan B: Purchase the cars for $6000 and economic life of three years, after which it can be sold for $1200. Gas and oil cost $0.05 per mile. Insurance is $500 per year A. What is annual cost for plan B? B. What is the annual cost of plan A if the miles driven by the car is 10,000?Suppose you decide to obtain a 4-year lease for a car and negotiate a selling price of$28,990, including license fees. The trade-in value of your old car is $3850. If you makea down payment of $2400, the money factor is 0.0027, and the residual value is$15,000, find each of the following.a. The net capitalized costb. The average monthly finance chargec. The average monthly depreciationd. The monthly lease paymentCompare the cost of the following leasing agreement with the finance charge on a loan for the same time period. The price of the car is $14,000, and its projected residual value at the end of four years is $3,000. Monthly payment $250 Capital cost reduction $1,000 Disposition charge $200 Other things being equal, one would want to finance this car rather than take this lease if the finance cost were less than?
- Scenario: You purchase... 10 acres of bare ground in an area zoned commercial/office. Streets and utilities are in the street. The price paid is $6 per square foot. Holding time: 5 years. If you want a: (a)15% annual return on your land, what will you have to sell the land for in 5 years? (Per square foot, not including any costs) (b) for a 15% total return? (per square foot, not including any costs)Compare the cost of the following leasing agreement with the finance charge on a loan for the same time period. The price of the car is $25,000, and its projected residual value at the end of five years is $10,000. Monthly payment $450 Capital cost reduction $1,700 Disposition charge $400 Other things being equal, one would want to finance this car rather than take this lease if the finance cost were less than Group of answer choices $14, 100. $15,500. $12,900. $400.A construction company can purchase a used backhoe for $90,000 and spend $450 per day in operating costs. The equipment will have a 5 -year life then sell it at salvage for $3,000. Alternatively, the company can lease the equipment for $800 per day. How many days per year must the company use the equipment in order to justify its purchase at an interest rate of 6% per year.
- A new car will cost $24,000 to buy and $5500 annually to operate. If it is sold for $9300 after 6 years, what is the EUAC? Assume that the owner’s interest rate is 3% for the time value of money.What will have to be the annual OCF for the project to have a NPV = 0 in the following situation: A client is interested in buying 130 widgets a year from you for 5 years. To be able to produce these widgets, you need to invest in $830 in equipment. The equipment has a taxable life of 10 years and will be depreciated using straight line. At the end of the 5 years, the equipment can be sold for $60 (market or scrap value). The variable cost of producing the widgets is $8 per unit and you will incur in a fixed cost of $210 a year. You have estimated you will need $70 today in working capital. The appropriate discounting rate for this type of project is 14%. The corporate tax rate applicable to you in this case is 30%. Your Answer: AnswerCentral Mass Ambulance Service can purchase a new ambulance for $200,000 that will provide an annual net cash flow of $50,000 per year for five years. The salvage value of the ambulance will be $25,000. Assume the ambulance is sold at the end of year 5. Calculate the NPV of the ambulance if the required rate of return is 9%. (Round your answer to the nearest $1.) A) $(10,731) B) $10,731 C) $(5,517) D) $5,517
- An air conditioning unit offers two oрtions to acquire the unit. A рartial рayment of Ρhр 2,000 and a monthly рayment of Ρhр 850 and 1.2% rate.The second is to give Ρhр 2,000 and рay four times at 1 % rate. Both offer is good for a year. Choose the best oрtions.Compare the cost of the following lesing agreement with the finance charge on a loan for the same time period. The price of the car is $14,000, and its projected residual value at the end of four years is $3,000. Monthly payment $250 Capital cost reduction $1,000 Disposition charge $200 Other things being equal, one would want to finance this car rather than take this lease if the finance cost were less than Select one: a. $2,200 b. $2,000 c. $1,550 d. $1,450Dave Krug finances a new automobile by paying $7,100 cash and agreeing to make 10 monthly payments of $540 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Values are Based on: Present Value of Loan n i Table Factor Cash Down Payment Present Value of Loan Cost of the Automobile
