1.A large profitable corporation is considering adding some automated equipment costing $120,000. The equipment will produce an initial annual benefit of $29,000, but this is expected to decline $3000 per year. The corporation uses sum-of-years'-digits depreciation and estimates an eight year life and $12,000 salvage value for the equipment. If the corporation has a 46 percent combined state and federal tax rate and uses an after-tax MARR of 4 percent, what is the after-tax Annual Worth of the proposd investment?

2.A company just purchased a machine with initial cost of $88,366, annual operating cost of $17,623, useful life of 11 years and end-of-useful life savage value of $18,218. A fund is to be set up to replace the machine at the end of its 11 year useful life. To provide money for its replacment, a uniform annual deposit will be made to a fund. If the fund earns 10% annual interest, the annual deposit into the fund is  Calculate your answers to the nearest cent.