Question: A C0 2 extinguishment system is being installed in a building you supervise. The initial installation cost is $20,000. Your boss wants you to evaluate

A C0₂ extinguishment system is being installed in a building you supervise. The initial installation cost is $20,000. Your boss wants you to evaluate the cost of this system for the first 5 years for tax deduction purposes. The system will require $5,000 in scheduled maintenance in the 3^rd year and $1,000 dollars in maintenance in the other years. What is the total cost of the system for its first 5 years in present money?? Assume interest is 3% per year.

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