A company is considering purchasing a copy machine. The information is given :
Investment cost $30,000
Expected life 5 year
Market salvage value -$2,500 (negative means that there is a net cost to dispose of an asset)
Annual receips $23,500
Annual expenses $9,500
1. Determine the PW of the project when the MARR is 15% per year.
2. Determine AW of the project when the MARR is 15% per year.