A construction manager just starting in private practice


A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,141 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $7,007 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $2,196. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: A construction manager just starting in private practice
Reference No:- TGS01116552

Expected delivery within 24 Hours