Nissan’s all-electric car, the Leaf, has a base price of $32,780 in the United States, but it is eligible for a $7500 federal tax credit. A consulting engineering company wants to evaluate the purchase or lease of one of the vehicles for use by its employees traveling to job sites in the local area. The cost for leasing the vehicle will be $4200 per year (payable at the end of each year) after an initialization charge of $2500 paid now. If the company purchases the vehicle, it will also purchase a home charging station for $2200 that will be partially offset by a 50% tax credit. If the company expects to be able to sell the car and charging station for 40% of the base price of the car alone at the end of 3 years, should the company purchase or lease the car? Use an interest rate of 10% per year and annual worth analysis.
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Ответ:
Nissan's all-electric car, the Leaf
PV cost of Leaf Purchase = $16,529
PV cost of Leasing = $12,944.78
The company should lease the car.
Explanation:
a) Costs incurred to purchase the Leaf:
Base price $32,780
less Federal tax credit ($7,500)
Charging station 2,200
less 50% tax credit (1,100)
Cash paid $26,380
Sales value after 3 yrs (9,851) ( $26,380 - 40% of base discounted to PV)
Net PV Investment $16,529
b) Calculation of Discounted Present Values of Payments under Leasing, using online financial calculator:
PV (Present Value)$12,944.78
N (Number of Periods)3.000
I/Y (Interest Rate)10.000%
PMT (Periodic Payment) $4,200.00
Starting Investment$2,500.00
Total Principal$15,100.00
Total Interest$2,129.50
c) The purchase of the Leaf would involve a present value cost of $26,380 after deducting all the savings from tax. The 40% sales value of the car at the end of 3 years = $13,112 ($32,780 x 40%). When this sales value is discounted to PV of $9,851, the PV of the car investments becomes $16,529 ($26,380 - $9,851). On the other hand, leasing will cost in PV the sum of $12,944.78
.
Ответ:
Many view the Parthenon in Greece as the finest example of ancient Architecture especially in the Doric Order.
Explanation:
As a monument with more than 2,000 years of history, the building was made from pure marble and had a number of beautiful sculptures. Over the years, the building has been used as a mosque, a church and even an ammunition depot.
It directly inspired the Romans and eventually the architects of the Renaissance. The building's style, columns and workmanship still inspires people int he 21st century.
The Parthenon sheds light on the cultures and arts of the antiquity, the local customs and traditions of the time and how, with such limited technology, the Greeks achieved so much.