Problem 3 An engineer is trying to determine the economic life of new metal press. The press costs $15,000 initially. The estimated maintenance costs and the market values are displayed in the following table. The expected life of the press is 8 years. In addition, the minimum attractive rate of return (MARR) is 15%. End of yeark maintenance cost S0 S0 $ 300 $ 300 $ 800 $ 1300 $ 1800 $ 2300 Estimated Market value S 10000 $9000 $ 8000 $ 7000 S 6000 $ 5000 S 4000 S 3000 4 The formula of the total marginal cost at year k is : TG(i%)-MV-1-MV + iMVrit Ek a) Determine for each year the total marginal cost TC (show your calculations) Detamine fr each yenr the equivalent unifarm amn cost EUAC Detaminc the Presses ecoromical ite Problem 3 An engineer is trying to determine the economic life of new metal press. The press costs $15,000 initially. The estimated maintenance costs and the market values are displayed in the following table. The expected life of the press is 8 years. In addition, the minimum attractive rate of return (MARR) is 15%. End of yeark maintenance cost S0 S0 $ 300 $ 300 $ 800 $ 1300 $ 1800 $ 2300 Estimated Market value S 10000 $9000 $ 8000 $ 7000 S 6000 $ 5000 S 4000 S 3000 4 The formula of the total marginal cost at year k is : TG(i%)-MV-1-MV + iMVrit Ek a) Determine for each year the total marginal cost TC (show your calculations) Detamine fr each yenr the equivalent unifarm amn cost EUAC Detaminc the Presses ecoromical ite