Question: A process engineer is evaluating whether to Install a new high efficiency pump motor. The motor has a 8 year life span, and energy savings

A process engineer is evaluating whether to Install a new high efficiency pump motor. The motor has a 8 year life span, and energy savings are estimated at $9406 for the first year, then increasing by 5% annually. If the interest rate is 5%, what is the present value of the energy savings? 00 n Select one: $71665 $90298 $37624 $25083 $62707

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