1. A delivery tuck has an active Irle of eight years and costs $35,000. The estimated trade-in schedule and annual O&M costs are given In the following table. The interest rate is 10%. Determine the appropriate service life and the total life-cycle cost for this tuck.
Year Trade-in Schedule O&M Scheduk 1 $30,000 $1,000 2 3 925,000 $21,000 $1,500 $2,000 4 5 $19,000 $17,000 $5,000 $2,000 6 7 $14,000 $ 8,000 $2,000 $3,000 $ 4,000 $4,000
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