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Only need the answers to D-1 not the rest. If you need the equation answers...

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Finance

Only need the answers to D-1 not the rest. If you need the equation answers for A-C they are A. 260.25 B. 244.91 C. Luxury Air

Econo-Cool air conditioners cost $310 to purchase, result in electricity bills of $152 per year, and last for 5 years. Luxury Air models cost $510, result in electricity bills of $104 per year, and last for 8 years. The discount rate is 22%.

a. What is the equivalent annual cost of the Econo-Cool model? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

b. What is the equivalent annual cost of the Luxury Air model? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

c. Which model is more cost-effective?

multiple choice 1

  • Econo-Cool

  • Luxury Air Correct

d-1. Now you remember that the inflation rate is expected to be 10% per year for the foreseeable future. What is the equivalent annual cost of the Econo-Cool and Luxury Air model? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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