(ANNUAL WORTH) not Present worth

Galvanized Products is considering the purchase of a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow 1/4th of the purchase price from a bank at 15% compounded annually. The loan is to be repaid using equal annual payments over a 3-year period. The computer system is expected to last 5 years and has a salvage value of $5,000 at that time. Over the 5-year period, Galvanized Products expects to pay a technician $25,000 per year to maintain the system but will save $55,000 per year through increased efficiencies. Galvanized Products uses a MARR of 18%/year to evaluate investments. Click here to access the TVM Factor Table Calculator Parta x Your answer is incorrect. What is the annual worth of this investment? $ 10950 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5. Save for Later Attempts: 1 of 3 used Submit