Donna turned 73 on January 7th in 2022. Her profit-sharing account balance was $100,000 at the end of Year 2021. What is the RMD that she needs to take in 2022 to avoid an excise tax?
Group of answer choices
A. $3,774
B. $1,576
C. $2,036
D. $4,048

Answers

Answer 1

RMD for Donna in 2022 is approximately $3,906.25, rounded to the nearest dollar. Therefore, the correct answer is option A. $3,774, which is the closest rounded value.

To calculate the required minimum distribution (RMD) for Donna in 2022, we need to determine her age and use the appropriate life expectancy factor from the IRS Uniform Lifetime Table. Since Donna turned 73 in January 2022, we will use the age 73 factor, which is 25.6.

To calculate the RMD, divide the year-end account balance by the life expectancy factor:

RMD = Account Balance / Life Expectancy Factor

RMD = $100,000 / 25.6

RMD ≈ $3,906.25

However, the excise tax applies if Donna fails to take the required distribution amount. The excise tax rate is 50% of the RMD that should have been taken. Therefore, to avoid the excise tax, Donna needs to take the RMD amount.

RMD for Donna in 2022 is approximately $3,906.25, rounded to the nearest $3,774, which is the closest rounded value.

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Related Questions

Which of the following industries is best characterized as monopolistically competitive?

A. Eggs

B. Crude oil

C. Wheat

D. Local electricity service

E. none

Answers

The industry that is best characterized as monopolistically competitive among the options provided is **E. none**.

Monopolistic competition refers to a market structure where many firms exist, offering differentiated products or services that are similar but not identical. In this type of market, firms have some control over their prices and can differentiate themselves through branding, product quality, or other non-price factors. However, the options presented in the question do not align with the characteristics of monopolistic competition.

A. Eggs: This is typically characterized as a perfectly competitive market, as eggs are largely homogeneous and many producers exist.

B. Crude oil: Crude oil is often associated with an oligopoly market structure, with a few major players dominating the industry.

C. Wheat: Similarly, wheat is typically considered a commodity and traded in a perfectly competitive market.

D. Local electricity service: Local electricity service is often regulated and operates as a natural monopoly, where a single provider serves the area.

Hence, none of the options mentioned correspond to an industry that is best characterized as monopolistically competitive.

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In a household, a business is run for an average of 6 hours per day. the total power consumed by a computer and its printer is 215 watts. in addition, a 75-w light bulb runs during the same 6 hours. if their utility charges 11.75 cents per kwh, how much do the owners pay every 30-days?

Answers

Answer:

$6.13

Explanation:

total electricity consumed per hour = 215 watts (computer + printer) + 75 watts (lights) = 290 watts per hour

total electricity consumed per month = 290 watts x 6 hours x 30 days = 52,200 watts = 52.2 kwh

monthly electric bill associated to the business = 52.2 kwh x $11.75 = $6.1335 ≈ $6.13

the amount that the owners will pay every 30-days is $6.13.

Here, we are to calculate the amount that the owners will pay for electricity every month.

The total electricity consumed per hour equals watt of Computer&Printer + Light watt

Total electricity consumed per hour = 215 watts + 75 watts

Total electricity consumed per hour = 290 watts per hour

Total electricity consumed per month = Total electricity consumed per hour * 6 hours * 30 days

Total electricity consumed per month = 290 watts x 6 hours x 30 days

Total electricity consumed = 52,200 watts

Total electricity consumed = 52.2 kwh

Monthly electric bill = Total electricity consumed *  Utility charges per kwh

Monthly electric bill = 52.2 kwh x $11.75

Monthly electric bill = $6.1335

Monthly electric bill = $6.13

Therefore, the amount that the owners will pay every 30-days is $6.13.

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which of the following is not an example of mass and targeted media strategy?

Answers

Product Placement is not an example of mass and targeted media strategy.

Advertising goods or brands to a wide range of audiences is known as mass marketing. It's important to reach as many individuals as you can, whether or not they are interested. Advertising on television and radio are common examples. Target marketing, on the other hand, focuses on more focused audiences. One tactic to reach the maximum number of potential clients is mass marketing, which ignores niche demographic variances in favour of focusing on the largest segment of the market. The marketing strategy uses conventional radio, television, and print advertising to target high sales volumes at lower prices. Product placement, also referred to as embedded marketing, is a marketing strategy in which allusions to particular brands or products are inserted into another work, like a movie or television show, with the express purpose of promoting them.

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the complete question is :

which of the following is not an example of mass and targeted media strategy?

a) Product Placement

b) Public Relations

c) Outbound Advertising

d) Print Media

e) Online Word of Mouth

in a high-quality residential property, an unattractive kitchen that does not have enough cabinet space to meet market tastes and demands will likely result in:

Answers

In a high-quality residential property, an unattractive kitchen that does not have enough cabinet space to meet market tastes and demands will likely result in decreased property value and reduced demand from potential buyers.

The kitchen is often considered the heart of the home and a crucial feature in attracting potential buyers for a high-quality residential property. If the kitchen is unattractive and does not meet market tastes and demands, it can significantly impact the property's value and desirability.

A lack of storage space can be a major issue for potential buyers, especially for those who cook and entertain frequently. Cabinets provide a functional solution to store cookware, cutlery, and other kitchen essentials, and if a kitchen doesn't have enough cabinet space, it can be a significant drawback to potential buyers.

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What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above

Answers

Answer:

this would be called spoofing.

Spoofing is called as  a website or e-mail address that is created to look like it comes from a legitimate source.

What is legitimate source?

Legitimate source is defined as according to the law, something that is legal is acceptable.

It can also be defined as the electoral register is a genuine source of information that is currently available to the public.

A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.

A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.

Thus, spoofing is called as  a website or e-mail address that is created to look like it comes from a legitimate source.

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The marginal cost curve cuts the O a. average variable cost O b. average total cost O c. average fixed cost Od.a and b O e. a, b, and c curve at its lowest point.

Answers

I apologize for the confusion in my previous response. The correct answer is that the marginal cost curve cuts the average variable cost (AVC) curve and the average total cost (ATC) curve at their lowest points. The lowest point of the AVC curve represents the minimum average variable cost.

The marginal cost curve cuts the O a. average variable cost and O b. average total cost curve at its lowest point.Marginal cost refers to the change in cost that occurs when the quantity produced is incremented by one unit. Marginal cost is the cost of producing one additional unit of output. When the marginal cost curve intersects the average variable cost curve and the average total cost curve, it does so at their lowest points.Based on this, the correct options are a and b. Therefore, the correct answer is Option Od. A and B curve at its lowest point.while the lowest point of the ATC curve represents the minimum average total cost. The marginal cost curve intersects both curves at these lowest points. Hence, the correct options are a and b, and the answer is Option Od. A and B curve at its lowest point.The marginal cost curve intersects both curves at these lowest points. Hence, the correct options are a and b, and the answer is Option Od. A and B curve at its lowest poin

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when ben & jerry’s ice cream tests all its proposed new flavors on its own employees at its corporate headquarters in vermont, it is partaking in

Answers

Answer:

lol I did it so I just won’t you get back lol bye bye lol lo but it’s 76

Explanation:

While it's not possible in every situation, what is the safest solution to protect yourself from chemical hazards in the work environment?
Select the best option.

Wear PPE


Use ventilation


Remove the chemical hazards


Only use the chemical hazard for limited amounts of time

Answers

Answer:

A. Wear PPE

Explanation:

The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.

According to the Occupational Safety and Health Administration (OSHA), safety precautions such as wearing a personal protective equipment e.g masks (respirators), ear plugs, safety boots, gloves, helmet, etc. are very important and essential to be used by workers while working in a hazard prone environment or industries.

Hence, while it's not possible in every situation, the safest solution to protect yourself from chemical hazards in the work environment is to wear personal protective equipment (PPE).

The best and safest way to keep away from chemical hazards in the work environment is to use PPE kits. So, the correct option is A.

PPE kits are the safest solution to stay away from chemical hazards as they are made from disposable materials. They are like single use products specially made for chemical environments.

PPE kits are definitely helpful in the safeguarding of the workers working in chemically exposed environment so as to save the workers from getting exposed to the chemicals.

PPE kits can also be helpful in treating patients during any virus outbreak or a pandemic which is fatal for the life of person in contact to such patient and can be worn by the doctors, nurses and hospital staff.

There are multiple uses of PPE kits and they are one of the most smartest way to continue working for long hours without any risks of getting exposed to hazardous substances.

Hence, the correct option is A that the safest way to protect self from chemical hazards in a work environment is by wearing PPE kits.

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_ 5. Which of the following is an example of terminal punctuation?
A. Comma.
B. Question mark.
C. Quotation mark.
D. Colon.​

Answers

B. question mark
terminal punctuation refers to punctuation marks used to identify the end of a portion of text.

Purchasing cruelty free products can have a positive impact on

Answers

The beauty industry and it’s healthier. Also it protects a lot of animals from getting the product tested on them

Answer: Animals

Explanation: just got it right

What are the limitations of an MkIS?

Answers

Answer:

Limitations do exist with an MIS, such as the expense to create and implement an MIS, training time for employees, lack of flexibility and capturing wrong or incomplete information.

Explanation:

an enduring organization of emotional, cognitive, motivational, and perceptual processes with respect to some aspect of one's environment is known as a(n)

Answers

An enduring organization of emotional, cognitive, motivational, and perceptual processes with respect to some aspect of one's environment is known as an attitude.

Attitudes are complex mental structures that influence how we perceive, evaluate, and respond to various aspects of our environment. They are formed through a combination of emotional (feelings), cognitive (thoughts and beliefs), motivational (desire to act), and perceptual (interpretation of stimuli) processes.

Attitudes play a critical role in guiding our behavior, decision-making, and overall approach to situations or issues. They are shaped by our experiences, cultural background, and social influences, and can change over time as we encounter new information or experiences.

By understanding our attitudes, we can better comprehend our reactions to certain situations and make more informed choices in our daily lives.

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ozzie has a visa with a $2000 limit and a balance of $450; a store credit card with a $500 limit and a $200 balance; and a joint card with his mom with a $5000 limit and a $700 balance.

Answers

Ozzie currently has a Visa card with a credit limit of $2,000 and a balance of $450. This means he has available credit of $1,550 on his Visa card ($2,000 - $450).

He also has a store credit card with a credit limit of $500 and a balance of $200. This leaves him with available credit of $300 on his store credit card ($500 - $200).

Additionally, Ozzie has a joint card with his mom, which has a credit limit of $5,000 and a balance of $700. On this joint card, they have available credit of $4,300 ($5,000 - $700) to use.

It's important for Ozzie to manage these credit accounts responsibly by keeping track of his balances, making timely payments, and not exceeding the credit limits. This can help maintain a good credit score and avoid potential financial difficulties.

Please note that the information provided is based on the given balances and credit limits for Ozzie's credit cards and may not reflect the complete financial picture or any other details regarding interest rates, payment terms, or additional fees associated with the credit cards.

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HURRY !! The information given to you by your teachers is always accurate and should never be questioned.

TRUE or FALSE

Answers

Answer:

Fasle

Explanation:

No one is perfect

The Hawkins Supply company is currently faced with an inventory rotation problem. This difficulty stems from the fact that some supplies must be used prior to a stated expiration date. Upon receipt, a new shipment of these perishable items must be stacked beneath the boxes that are currently in inventory. A substantial amount of time is consumed in restacking the items according to their expiration dates.

Answers

Here's the completed question.

Question: The company would like to reduce the double and sometimes triple handling of items. How can this goal be achieved? Are there alternative solutions which might also be effective?

Answer:

1. Using the Just in Time Management inventory technique.

2. Using automated inventory processing systems, changing physical layout of warehouse.

Explanation:

1. The Just in time method would allow Hawkins Supply company to quickly process its inventory by adopting a principle of processing smaller batches with reduced factory space. Doing so would minimise the worries about expired inventory since the inventory isn't excessive.

2. There are automated softwares such as the KANBAN system that would automated the process, requiring lesser use receipts to track inventories. Another alternative is to restructure the warehouse by making provision for racks that could be numbered serially to easily find desired inventory.

1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers

Answers

Answer:It's A

Explanation: Took the test

a crayola arts-and-crafts column on a parenting web site is an example of what form of advertising?

Answers

The crayola arts-and-crafts column on a parenting web site is an example of native advertising. Native advertising is a form of advertising that seamlessly integrates with the content of a website or platform,

providing a non-intrusive user experience. In this case, the parenting web site's audience is likely to be interested in arts and crafts activities for their children, making the crayola column a relevant and engaging addition to the site's content. Native advertising is becoming increasingly popular as consumers become more skeptical of traditional advertising methods, such as banner ads or pop-ups.

By integrating advertising into the site's content, native advertising is able to provide value to both the advertiser and the consumer. In this case, the crayola brand benefits from exposure to the parenting web site's audience, while the site's readers receive engaging and informative content.

In this case, the Crayola arts-and-crafts column would be integrated seamlessly within the parenting website, providing valuable and relevant content to the site's visitors while promoting Crayola products.

This type of advertising is effective because it doesn't disrupt the user experience and is more likely to generate interest and positive associations with the brand.

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Consider an industry that would produce 100,000 units in a situation of perfect competition. If this industry became an oligopoly with 5 firms that was a state of Nash equilibrium, it's output would be 50,000 units 75,000 units 125,000 units. 80,000 units.

Answers

A) Option A does not represent a Nash equilibrium.

B) Option B does not represent a Nash equilibrium.

C) Option C does not represent a Nash equilibrium.

D) It is a plausible Nash equilibrium.

To determine the equilibrium output in an oligopoly with 5 firms, we need to consider the concept of the Nash equilibrium. In a Nash equilibrium, each firm in the oligopoly chooses its output level based on the assumption that the other firms' output levels remain constant.

Let's analyze the given options:

A. 50,000 units

B. 75,000 units

C. 125,000 units

D. 80,000 units

To determine the equilibrium output, we need to compare the total industry output under perfect competition (100,000 units) to the potential output levels in the given options.

If the industry became an oligopoly and the total output decreased, it would indicate that each firm reduced its individual output. Conversely, if the industry output increased, it would suggest that each firm increased its output.

Let's evaluate each option:

A. 50,000 units:

In this case, the total industry output would be 5 * 50,000 = 250,000 units. This is higher than the original perfect competition output of 100,000 units. Therefore, option A does not represent a Nash equilibrium.

B. 75,000 units:

With a total industry output of 5 * 75,000 = 375,000 units, this option also exceeds the original perfect competition output. Hence, option B does not represent a Nash equilibrium.

C. 125,000 units:

In this scenario, the total industry output would be 5 * 125,000 = 625,000 units. This is significantly higher than the original perfect competition output. Therefore, option C does not represent a Nash equilibrium.

D. 80,000 units:

With a total industry output of 5 * 80,000 = 400,000 units, this option is lower than the original perfect competition output. This suggests that each firm reduced its output. Since this option represents a lower output level than the original perfect competition, it is a plausible Nash equilibrium.

Therefore, the equilibrium output in this oligopoly with 5 firms, at a state of Nash equilibrium, would be 80,000 units (option D).

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general mills has a variety of brands in its snacks category, including chex, nature valley, fiber one, and cascadian farm. this represents a

Answers

Answer:don't cheat in this class I will tell ur professor in Bemidji about u

Explanation:

Describe one accountability issue of a business​

Answers

Answer:

Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.

Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments

Answers

Answer is B.) Harassment

hope I could help goodluck

Ioanna's department lost productivity this week when two employees failed to report to work as scheduled. Other employees had to do the missing employees' work and were not able to completely do their regular jobs. What Ioanna's department is experiencing is _______.

Answers

Answer:

they are experiencing a lack of commitment and respect from there workers

Name the social issues that you have chosen and motivate why you have chosen it​

Name the social issues that you have chosen and motivate why you have chosen it

Answers

Answer:

I would choose violent crime.

Explanation:

It motivates me to choose it since it can help to make most of the other issues easier to tackle since where there is violent crime, there is usually the other issues stated in the list.

I hope this helps :)

Acme, Inc.'s books show an ending cash balance of $10,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,000; deposits in transit of $2,000; NSF check of $100; and interest earned on the bank account of $10, the company's up-to-date ending cash balance equals ______.

Answers

The company's up-to-date ending cash balance equals $9,100.

Here, we are preparing company's up-to-date ending cash balance through reconciliation format.

Balance as per bank          $0               Balance per books        $10,000

Add: Deposit in transit        $2,000        Add: Bank collection      $0

Less: Outstanding checks  $3,000       Add: Interest revenue     $10

Adjusted bank balance      $9,110        Less: Service charges      $100

                                                                         EFT and NSF checks  

                                             $10,110        Adjusted book balance  $10,110

Therefore, the company's up-to-date ending cash balance equals $9,100.

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If an individual taxpayer is unable to file a tax return by its original due date, the taxpayer can request an automatic nine-month extension to file the return.
true False

Answers

The statement "If an individual taxpayer is unable to file a tax return by its original due date, the taxpayer can request an automatic nine-month extension to file the return." is true.

If a taxpayer is not able to file a tax return by its original due date, an automatic six-month extension can be requested. For tax years beginning after December 31, 2025, the extension period will be eight months due to changes in the law made by the Taxpayer First Act. Individuals may receive an extension by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.

This form can be submitted electronically or by mail, but it must be submitted on or before the due date of the return. The extended due date is October 15 for most individual taxpayers. However, there are some exceptions. For example, taxpayers who are out of the country may be eligible for an additional two-month extension, resulting in a due date of December 15.

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Project Salerino has the following cash flows: CF0 = -100, C01 = -236, C02 = 532, C03 = 176, C04 = -278. What is the PV of only the costs to Salerino if the cost of capital is 4.65%? All and only cashflows CFO, C01 and C04 are costs.

Answers

Summary for both parts: Here the cash flows for Project Salerino ; CF0 = -100, C01 = -236, C02 = 532, C03 = 176, C04 = -278 and the cost of capital is 4.65%. Therefore, the PV of only the costs to Salerino is -490.6616 if the cost of capital is 4.65%.

1.The PV of only the costs to Salerino can be found as follows ;The PV of C01 and C04 can be computed as follows;

PV(C01) = -236 / (1 + 0.0465)

PV(C01) = -236 / 1.0465

PV(C01) = -225.2195

PV(C04) = -278 / (1 + 0.0465)

PV(C04) = -278 / 1.0465

PV(C04) = -265.4421PV(CFO) and PV(C02) are cash inflows therefore we disregard them.

2.The PV of only the costs to Salerino is therefore: PV(C01) + PV(C04) = -225.2195 + (-265.4421)

PV(C01) + PV(C04) = -490.6616Therefore, the PV of only the costs to Salerino is -490.6616 if the cost of capital is 4.65%.

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What is globalization?

Answers

Globalisation is the growing interconnectivity of the world through the use of trade, travel and media.

a stock has an expected return of 14.5 percent, the risk-free rate is 5.65 percent, and the market risk premium is 7.2 percent. what must the beta of this stock be? (do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Answers

So, the beta of the stock is approximately 0.805.  

Stock refers to shares of ownership in a company that represent the ownership interest of its shareholders. Stock represents a claim on the assets and earnings of the company and usually entitles the holder to a share of the company's profits through dividends. The value of stock can fluctuate based on various factors such as the company's financial performance, industry trends, and overall economic conditions.  

To find the beta of a stock:

Beta = (Ri - Rf) / (Rm - Rf)

Expected return of the stock = 14.5%

Risk-free rate of return = 5.65%

Market risk premium = 7.2%

Beta = (14.5% - 5.65%) / (7.2% - 5.65%)

Beta = 0.805

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who are the major providers of capital (financing) for business enterprises?

Answers

The major provider of capital for business enterprises are Bank, and Government

Capital for new businesses that are just getting started. These businesses are started by one or more individuals with the basic goal of creating and commercialising a product or service. One of the initial tasks for a startup is to raise capital.

Due to the high level of risk associated with investing in start-up businesses, these financially demand a strong business plan in return for their money. In exchange for their investment, they typically receive equity in the business.

This financing is typically sufficient to enable the founder to produce a business plan or prototype that will achieve the interest of startup capital investors.

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ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.

Answers

Answer:

its a good song i think its touching and yes i have recently felt like that.

Explanation:

Other Questions
thin-walled, saclike structure that surrounds the glomerulus and receives the fluid that was filtered from the blood. Determine whether each statement is based on archaeological or other evidence, written evidence from the Hebrew Bible, or both. an observation is .a.a possible explanation for events using prior knowledgeb.always quantitativec.made using any of the five sensesd.always qualitative psychological evolutionary theories of gender differences fail to take into account: Please help image attached test the series for convergence or divergence. [infinity] (1)n n3n n = 1 . Identifybn. 1/n3^n can you please help me Please help solve this equation "m+1P4 =mP5 Which is composed of aromatic hydrocarbons?clothingbarbeque fuelpain relieversO polyvinyl chloride types of clouds and types of rain fall What is the 5th term in the arithmetic sequence below?32, 20, 8, 4, ___, ...A.12B.15C.16D.18 Solve the system by the addition method. x + 3y = 6 3x + 4y = 2 please i need help asap Evaluate the following expression when a=5 and b=1. Then, plot the resulting value on the provided number line please explain neatly9. [10] Evaluate the line integral xyds, where is the right half of the circle x + y2=9. What might the repetition of space illustrate in The Time Machine? . What do economists mean when they say that there is no such thing as a free lunch? (4 marks) 5. Describe any four changes in the variables that will cause supply for a product to decrease, shifting the supply curve up and to the left. (8 marks) 6. The price of cabbage rises from P0.20 per kilogram to P0.30 per kilogram. The quantity of cabbage demanded falls from 800 kilograms per week to 600 kilograms per week. Use the initial value formula to calculate the price elasticity of demand for cabbage. Is the demand elastic, inelastic, or unit elastic? After a short, high-level exposure to a toxicant, you immediately feel dizzy and nauseous. you are likely showing symptoms of:______ You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A costs $8,600 and is expected to run for 6 years; Model B is more expensive, with a price of $15,100, and has an expected life of 10 years. The annual maintenance costs are $840 for Model A and $690 for Model B. Assume that the opportunity cost of capital is 10 percent. Calculate equivalent annual costs (EAC) of each models. (Do not round the discount factor. Round intermediate calculations and final answers to 2 decimal places, e.g. 15.25.) help plz or my teacher will give me a zero