Exercise Three (10 Points): Jupiter Ltd, wants to automate one of its production processes. The new equipment will cost $90,000. In addition, Jupiter will incur installation and testing costs of $5,000 and $4,500 respectively. The equipment will require an initial investment in working capital of $20,000 which will be recaptured in year 5 . The expected life of the equipment is 5 years and the salvage value of the equipment is estimated at $12,000. The annul cash savings are estimated at $29,000. The company uses straight-line depreciation and has a required rate of return of 9%. Ignore income taxes. Required