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d. Which project(s) would you impe ou are thinking about getting a new grill for...

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d. Which project(s) would you impe ou are thinking about getting a new grill for your backyard entertaining. You have a choice between a Weber Kettle Grill that uses charcoal and a Weber Gas Grill that opera house. The Kettle grill costs $290 and will last about 5 years. You estimate that you will use $ charcoal each year when using the Kettle grill. The Gas Grill costs $950. It does not require charcoal, you will spend $80 per year for the natural gas used when cooking on the gas grill. The Gas Grill will last 8 years. Neither grill has any salvage value at the end of its useful life. Assume you have no strong preferences for food cooked over charcoal versus over a gas flame and that the discount rate is 8 simplicity, also assume that you pay the cost of charcoal (or natural gas) once a year (there is a single payment at the end of each year). Which grill do you choose? Problem 2 rates on a natural gas feed from your but Note: since the grill is for private, non-business use one does not need to consider taxes or depreciation

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