Engineering economy is a collection of techniques that simpl

Engineering economy is a collection of techniques that simplify comparisons of alternatives on an economic basis. Engineering economic analysis is able to answer professional and personal financial questions. If you wish to evaluate the economics of purchasing a new home or leasing versus buying a new automobile for yourself, the techniques of engineering economy covered in this text are just as applicable as they are for determining if a replacement piece of equipment should be purchased by your employer.In this project, you will conduct real-world economic problem analysis.The overall aim of this project is to analyze real-world data. The specific objectives are: I. To define a professional or personal financial problem that is related to Engineering Economy. II. To describe the problem in Engineering Economy language. III. To analyze the problem on an economic basis. IV. To describe the above steps, data, and results in a report.Requirement: I. The cash flow of the problem should include at least 2 types of money amounts (singe amount, uniform series, arithmetic gradient series, geometric gradient series). II. At least 2 methods should be used to analyze the problem (present worth analysis, annual worth analysis, rate of return analysis, etc.).Report: The project report is to be written in clear English with complete sentences. Be sure to define all notations and include descriptions of all tables and figures in the text. Your report should include a cover page and the following sections: I. Problem statement. II. Economic analysis. III. Relation with Engineering Economy.The report should be at least 4 pages including the cover page.please make sure the work is a sophomore college level, not complex.thanx