Question: A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $50,643, maintenance costs that start at $5,000

A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $50,643, maintenance costs that start at $5,000 at end-of-year (FOY) one and increase by $1,000 for each of the next four years, and then remain constant for the following five years; savings of $21,239 per year (EOY 1-10); and finally a resale value of $25,421 at EOY 10. If the project has a 10-year life and the firm's MARR is 10% per year, what is the present worth of the project?

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