An asset has the estimated salvage values for various lives, shown in the table below. For each possible life from 1 to 6 by 1, determine the capital recovery cost for MARR of 8 percent/year.

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EOY NCF 0 2 3 4 5 6 -$70,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 Estimated SV $70,000 $50,000 $30,000 $20,000 $10,000 $5,000 $2,000