A die making unit is planning to install a new CNC electric discharge machine in its job shop. Machines from two reputed manufacturers are available in the market. The relevant data about their products is as under:
Considering rate of return to be 12% per year, what is the best alternative?
( wf P ? series at 12% for 10 years = 5.65;
( wf P ? single payment at 12% for 10 yrs = 0.322)