Question: You are in the market for a new refrigerator for you company’s lounge, and you have narrowed the search down to two models. The energy efficient model sells for $500.00 and will save you $25 at the end of each of the next five years in electricity costs. The standard model has features similar to the energy efficient model but provides no future saving in electricity costs. It is priced at only $400. Assuming your opportunity cost of funds is 5 percent, which refrigerator should you purchase?

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document