How should the pump be powered?

A pump is needed for 10 years at a remote location. The pump can be driven by an electric motor if Show more A pump is needed for 10 years at a remote location. The pump can be driven by an electric motor if a power line is extended to the site. Otherwise a gasoline engine will be used. Use an annual cash flow analysis and an 8% interest rate. How should the pump be powered? Gasoline Electric First cost 2400 9000 Annual operating cost 1200 250 Annual maintenance 300 50 Salvage value 300 600 Life in years 5 10 A. Electric B. Gasoline C. Neither is acceptable D. Either one will do Show less

QUICK QUOTE

Approximately 250 words