Determine the Net Present Worth of a piece of equipment that is needed over an analysis period of 6 years given the following information:
Show your work on your work sheet. Answer the question rounded to the nearest $100 using the following format $XXXX
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Initial Cost
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$25000
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Annual Cost
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$500
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Annual Savings
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$10500
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Salvage Value at end of life
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$3500
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Life Span of Equipment
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3 years
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MARR=
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8%
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