Evaluate a combined cycle power plant on the basis of the PW method when the MARR is

Question:

Evaluate a combined cycle power plant on the basis of the PW method when the is 12% per year. Pertinent cost data are as follows:
Power Plant (thousands of $)
Investment cost ........................................ $13,000
Useful life .............................................. 15 years
Market value (EOY 15) .............................. $3,000
Annual operating expenses ........................... $1,000
Overhaul cost-end of 5th year ..................... $200
Overhaul cost-end of 10th year .................... $550
MARR
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...