Midland Metalworking is examining a 750-tonne hydraulic press and a GOD tonne moulding press for purchase, Midland fuas enough in its budget for only one of them, it Midland’s MARE

Midland Metalworking is examining a 750-tonne hydraulic press and a GOD tonne moulding press for purchase, Midland fuas enough in its budget for only one of them, it
Midland’s MARE in 15 percent and the relevant information is as given below, which pross should it purchase? Use an annual wout companson
Hydraulic Press
Moulding Press
Initial Cost
1300,000
$175.000
Annual Savings
$35.000
121,000
Annual Maintenance Cost
$2000, increasing by 20%% each
$700, increasing by $400 each
year thereafter
Your thoreator
Life
20 yours
9 years
Salvage Value
$19 000
$16.200
Click the icon to view the table of compound interest factors for discrete compounding periods when ie 15%%
The annual worth for the hydraulic press is $| The annual worth of the moulding press is $| | , MEand should choose the
(Round to the nearest cent as needed )

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