Question: A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $53,171, maintenance cost that start at $5,000

A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $53,171, maintenance cost that start at $5,000 at end of year (FOY) one and increase by $1000 for each of the next four years, and then remain constant for the following five years; saving of $26,014 per year (EOY 1-10) and finally a resale value of $32,952 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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