Which one minimizes their cost

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Reference no: EM133690808

Problem: A swim club is designing a new pool to replace it's only pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete she'll would cost $100,000 and last for all 10 years. Another option is to install a vinyl liner that would cost only $75,000 to install. However the vinyl is not guaranteed to last for all 10 years, and it has a 33% chance of breaking down. Repair of the vinyl would cost $40,000 and would extend the life of the vinyl liner to the 10 year mark. If both options are acceptable to the swim club, which one minimizes their cost?

Reference no: EM133690808

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