Courtney Sinclaire Is Trying to Rent a New Bicycle

Essay

Courtney Sinclaire is trying to rent a new bicycle.She has narrowed her choices to two lease arrangements,each with unique characteristics.Bike Superior would rent for $220 per year,and Bike Deluxe's annual rent would be $250.Bike Superior would need a new seat costing $35 and new racing tires costing $95.The old seat and tires could be sold for $30.Bike Deluxe is fully equipped but would need to be painted at a cost of $110.Maintenance and upkeep on both bikes would average $60 per year.
a.Identify the relevant data in this problem.
b.Prepare an incremental analysis for Courtney to aid her in this decision.
c.What decision should Courtney make?