Question: Problem 4 - 5 5 in your textbook. However, assume that the equipment is not valueless at the end of year 1 0 , but

Problem 4-55 in your textbook. However, assume that the equipment is not "valueless" at the end of year 10, but can be returned for a $2500 credit.A firm expects to install smog control equipment on the exhaust of a gasoline engine. The local smog control district has agreed to pay to the firm a lump sum of money to provide for the first cost of the equipment and maintenance during its 10-year useful life. At the end of 10 years the equipment, which initially cost $10,000, is valueless. The firm and the smog control district have agreed that the following are reasonable estimates of the end-of-year maintenance costs:
\table[[Year 1,2,3,4,5],[$75,100,125,150,175],[Year 6,7,8,9,10],[$200,225,250,275,300]]
Assuming interest at 6% per year, how much should the smog control district pay to the firm now to provide for the first cost of the equipment and its maintenance for 10 years?
Problem 4 - 5 5 in your textbook. However, assume

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