Consider a contractor who is considering purchasing a compressor for use during heavy demand periods. Local equipment rental firm will rent compressors at a cost of $50/day. Compressors can be purchased for $6000. The difference in operating and maintenance costs between owned and rented compressors is estimated to be $3000/year. Find X, the number of days a year that the compressor is required to justify buying over renting. Use a planning horizon of 5 years, zero salvage values, and 10% MARR
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