The Federal Aviation Administration is a government agency thatis in charge of air traffic control. All of the capital equipment(radar, etc.) used by air traffic controllers is purchased throughappropriations from Congress. When Apple Corporation purchases newcapital equipment, the decision is made by owners and managers thatbelieve the firm can get a return on investment from the newcapital because the new capital can be used to produce new andimproved goods for Apple customers. Which entity is likely to havemore outdated capital and capital in need of repair or replacement?Why? Explain in detail.
