Question: 5-7 What is the present value cost or present worth of this purchase, given the initial cost and the future payments for the next six

5-7 What is the present value cost or present worth of this purchase, given the initial cost and the future payments for the next six years? A new municipal refuse-collection truck can be purchased for $84,000. Its expected useful life is six years, at which time its market value will be zero! Annual receipts less expenses will be approximately $18,000 per year over the six-year study period. Use the PW method and a MARR of 18% to determine whether this is a good investment

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