please show your work with this. interest tables are allowed. 4. Stevens Construction...
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please show your work with this. interest tables are allowed.
4. Stevens Construction has recently purchased a crane for use in their business. The crane comes with a five-year warranty. Regular maintenance is required yearly at a cost of $15,000 per year. Starting in year 6, repair costs (in addition to maintenance) are estimated to be $5,000 per year. This crane has a life of fifteen years and Stevens Construction has a MARR of 15%. a. Determine the present worth of the costs of the crane. Each year's costs must be balanced by increased billings for use of the crane. How much must Stevens bill each year to balance the costs
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