An electric oil pump’s first cost is $45,000, and the interest rate is 10%. the pump’s end-of-year salvage values over the next 5 years are $42k, $40k, $38k, $32k, and $26k. determine the pump’s economic life.

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.