Problem:
A design change being considered by Mayberry, Inc., will cost $6,000 and will result in an annual savings of $1,000 per year for the 6-year life of the project. A cost of $2,000 will be avoided at the end of the project as a result of the change. MARR is 8%/year.
Task:
Question 1: What is the future worth of this investment?
Question 2: Should Mayberry implement the design change?
Please show your all calculation and also provide full explanation.