"A new asset is available for $226,000. O&M costs are $22,000 each year for the first five years, $34,320 in year six, $53,500 in year seven, and $80,800 in year eight. Salvage values are estimated to be $183,000 after one year and will decrease at the rate of 15% per year thereafter. At a MARR of 15%, determine the economic service life of the asset. Enter your answer as an integer from 1 to 8."
A $1000 face value bond has two years left to maturity, 5.4% coupon rate with annual coupons, and is currently trading at $940. What is the YTM on this bond? Enter answer in percents, accurate to 2 decimal places