Determine the FW of the following engineering project when the MARR is 15% per year. Is the

Question:

Determine the FW of the following engineering project when the is 15% per year. Is the project acceptable?
Proposal A
Investment cost ............................................... $10,000
Expected life .................................................. 5 years
Market (salvage) valuea ...................................... -$1,000
Annual receipts ............................................... $8,000
Annual expenses............................................... $4,000
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...