Ask questions, share knowledge, and connect with a vibrant community on IDNLearn.com. Our platform is designed to provide quick and accurate answers to any questions you may have.

A plant engineer wishes to know which of two types of lightbulbs should be used to light a warehouse. The bulbs that are currently used cost ​$41.1 per bulb and last 14600 hours before burning out. The new bulb​ (at ​$52.3 per​ bulb) provides the same amount of light and consumes the same amount of​ energy, but it lasts twice as long. The labor cost to change a bulb is ​$19. The lights are on 19 hours a​ day, 365 days a year.​ (Assume that the​ firm's marginal tax rate is 25​%.) If the​ firm's MARR is 16​%, what is the maximum price​ (per bulb) the engineer should be willing to pay to switch to the new​ bulb? Round the service life of the old bulb to the nearest whole number.

Sagot :

We have that the new bulb 's Price is P  is mathematically given as

P= $100.68

Bulb Price

Generally the Arithmetic equation for the life time of new bulb  is mathematically given as

life time = old bulb life / (usage per 24 x 365)

Therefore

L= 14,600 / (19 x 365)

L= 2.10 years

Where

old bulb=(2 x 45.9) (1 + 15/100)2.10 x 2 + 16

Old bulb=$181.11

After tax

tax = 181.11(1 - 40%)

tax= $108.66

Therefore

the new bulb 's Price is P

108.66 = P x (1.7986) x (0.6)

P= $100.68

For more information on Bulb visit

https://brainly.com/question/6252535

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.