Question: Answer the following questions using Microsoft Excel formulas Q1. New digital scanning graphics equipment is expected to cost $20,000, to be used for three years,

Answer the following questions using Microsoft Excel formulas Q1. New digital

Answer the following questions using Microsoft Excel formulas Q1. New digital scanning graphics equipment is expected to cost $20,000, to be used for three years, and to have an annual operating cost of $8,000. Determine the Annual Worth values for one and two life cycles of the equipment at-22% per year. Look at the cash flow diagram below. 0 6 $8,000 $8,000 $20,000 20,000 Life Cycle1 Life Cycle 2

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