A machine purchased 4 year ago cost 80,000 can be used for only two more years. The operating cost is 71,000 per year. Company B can purchase a replacement with cost of 210,000 and annual operation cost of 48,000. This new equipment will have 10-year life time with salvage value of 60,000 at the end of year 10. At the interest rate of 12% per year compounded quarterly, what minimum replacement value would render the challenger attractive.

Consider the following three bond quotes; a treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. if the treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? multiple choice $872.50, $1,000, $1,000, respectively $1,000, $1,024.20, $1,001.45, respectively $872.50, $1,024.20, $5,072.50, respectively $1,000, $1,000, $1,000, respectively