A service project involves a first cost of $5,000 and returns $1500 a year for 5 years.

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Question:

A service project involves a first cost of $5,000 and returns $1500 a year for 5 years. The service will be required for 50 years so the intention is to repeat the project in cycles over the required service life. MARR = 6%. Find the PW of the 50-year service life of the project.