Page 2 4. A distribution facility is considering purchasing an automated palletizing system that will save labor dollars and also increase quality. The system costs $20,000 and will cost an additional $2000 to install. It is anticipated that this system will save $2000 per year in labor costs and will have a salvage value of $500 at the end of its 15 year life. If the company's internal rate of return (or MARR, minimum attractive rate of return) is 12%, what is the New Present worth of the proposed project and is this project justified? 8 points) A. Answer NPW (at 12%) in whole dollars correct answer tolerance is$5 B. Is the project justified (at 12%) Yes/No