Company ABC is considering investing in a project whose

initial cost is $$182000.$ It saves $$49000$ in the first year,

increasing by $$5400$ each year thereafter. The salvage value

of the project is $$13000$ at the end of year $8.$ The cost of

operating and maintenance in the first year is $$3500,$

increasing by $4\%$ each year thereafter. The company wants to

see if the project is worth to be invested in$.$ To help ABC to

decide, you should find the present worth $($PW$)$ of the project.

The company's MARR is $12\%.$