Which model should they launch if they want to save as much money as possible on their investment?

An engineering consulting firm is working alongside engineers from Ford Motor Company comparing two Show more An engineering consulting firm is working alongside engineers from Ford Motor Company comparing two SUV models to launch for next years market. The smaller SUV model will have an initial cost of $22000 an operating cost of $1000 per year and a salvage value of $12000 after 3 years. The larger SUV model will have initial cost of $26000 an operating cost of $600 per year and a salvage value of $15000 after 3 years. At an interest rate of 15% per year Which model should they launch if they want to save as much money as possible on their investment? Show less

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