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The engineer of problem 4 now wants to consider an aluminium tank as well as the steel and fibreglass tank. The steel tank costs $225,000 and is expected to last 15 years. The aluminium tank is expected to last 25 years. The fiber glass tank costs $290,000 and is expected to last 30 years. None of the tanks has a salvage value at the end of its useful life. At a MARR of 7%, determine the highest cost for the aluminium tank for which it will be the preferred option. Express your answer in $ to the nearest $1,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91773139

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