Should I buy a plastic pumpkin with an electric bulb for $80 as a replacement for my annual purchase of 1 fresh pumpkin? Assume that I consider both types of pumpkin to be equal satisfactory in creating holiday spirit. The fresh pumpkin will cost $3 this year, and a box of votive candles sufficient to last the season costs $5. It takes me 1 hour to carve a pumpkin. I normally value my own labor for home projects at $20 per hour (since work in the home is tax free), but since pumpkin carving is semi-enjoyable, I assess that my time is worth $10 per hour in this activity. I anticipate that all costs, including labor costs, will increase 5% per year. I expect the plastic pumpkin to last 5 years, with no salvage value. I have a personal discount rate of 10% per annum.