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Question: 23 a or needs a truck for his project two...

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23. A or needs a truck for his project. Two suppliers have furnished the following data: Alternative First Cost Life Salvage Value Annual Expenses P1,200,000 P2,000,000 4 years P100,000 P180,000 P180,000 P120,000 8 years If the contractor requires a minimum retum of 18%, by how much in pesos will he be able to save upon choosing the better ltemative? $2,629,741.34 $8,167.81 $221,361.73 $372,730.03
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