Question: EncryptCo is considering a project that has a first cost of $ 4 0 , 0 0 0 , annual savings of $ 8 ,

EncryptCo is considering a project that has a first cost of $40,000, annual savings of $8,000 at the end of each year, and a salvage value of $3,000 after 9 years. Its MARR is 5% annual compounded annually. (a) Calculate the discounted payback period of the project using a spreadsheet. Attach the spreadsheet to the assignment. (3 marks)(b) Calculate the present worth of the project. (2 marks)(c) Calculate the IRR of the project. (2 marks)(d) Based on results from above, should EncryptCo pursue the project?

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