(Answered) Determine thenbspnet present worthnbspof a piece of

Economics

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

Initial Cost	$25000
Annual Cost	$500
Annual Savings	$10500
Salvage Value at end of life	$3500
Life Span of Equipment	3 years
MARR=	8%

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