Question: Please solve this question thoroughly. Thanks. In a replacement analysis for a vacuum seal on a spacecraft, the following data are known. The initial investment

Please solve this question thoroughly. Thanks.

In a replacement analysis for a vacuum seal on a spacecraft, the following data are known. The initial investment is $12,000 dollars; there is no annual maintenance cost for the first three years. However, it will be $2,000 in each of years four and five, and then $4,500 in the sixth year and increasing by $2,500 each year thereafter. The salvage value is 0 dollars at all times, and MARR is 10% a year. What is the economic life of the vacuum seal?

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