A machine costs 70000 and generates revenue of 20000 per, Business Economics

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A machine costs 70000 and generates revenue of 20000 per

A machine costs $70,000, and generates revenue of $20,000 per year. However, O&M costs are $3,000 per year. The machine lasts 7 years and your MARR is 8% annual rate compounded annually. What is the Present Worth (or Net Present Value)?

show all work (no excel) Please use the formulas.

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Business Economics: A machine costs 70000 and generates revenue of 20000 per

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Business Economics: A machine costs 70000 and generates revenue of 20000 per

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