Question: New of sails the pirate fleet sells for $75,000. The manufacturer offers financing at 8% with annual payments for 4-years for up to $50,000 of the cost. The salesman is willing to cut the price 10% if you Pirate Industries pays cash.
a. Complete the cash flow table including all required information.
b. What is the interest rate you would pay by financing?
c. If Pi's MARR is 10% should Pi finance or pay cash?