Use the cost-benefit analysis table to answer the question: Should Philip customize his motorcycle? A cost benefit table with two columns. The first column is labeled Cost and includes the statements: 1. He will have to give up leisure time to work overtime, and 2. He will have to arrange for transportation while the bike is in the shop. The Cost column also has the number 3 with a blank space after it. The second column is labeled Benefit and includes the statements, 1. The motorcycle will have the features he wants, 2. His bike will be worth more because of the features; and 3. His bike will impress his friends. Philip is thinking about customizing his motorcycle. A paint job, saddlebags, and a radio would cost $600. His motorcycle is older, so he also knows that he will need to get another motorcycle sometime in the next two years. He creates a cost-benefit analysis table to examine his choices. What statement would best complete the chart, and why?
He will be able to drive his motorcycle on his upcoming vacation.
He will be able to lengthen the life of his motorcycle.
He will temporarily have less money in his bank account.
He will spend more time with friends during the repairs.