An automatic process controller will eliminate the current manual control operation. Annual cost of the current method is $54,000. If the controller has a service life of 9 years and an expected market value of 14% of the first cost, what is the maximum economical price (in dollars) for the controller? Ignore interest. Consider the following sequence of year-end cash flows: What is the uniform annual equivalent (to the nearest whole dollar) if the interest rate is 6% per year? A small textile plant was constructed in 2007. The major equipment, costs, and factors are shown in the table below. Estimate the cost to build a new plant in 2017 if the index for this type of equipment has increased at an average rate of 5% per year for the past 10 years