Project Management: Project Valuation for Advanced Manufacturing Please show ALL steps / DETAILED work ! Thanks. Maximum Purchase Price (P) = $ ___?___

Your senior project is sponsored by Keystone Foundry. As part of the project, you are studying metalcasting pattern production and sand mold production. Keystone Foundry production arts. As part ofyour senior project, you are considering the purchase of new 3D printing equipment for pattern and mold production. The 3D printer is estimated to have a 10 year service life. The annual after tax operating cash flow savings are estimated to be S35,000 per year for Keystone Foundry (starting at the end of the 1st year). The salvage value is estimated to be $10,000 after 10 years. Keystone Foundry has informed you that the company has a company investment MARR value of 15%. You will be meeting with a 3D printing company sales person to discuss a purchase price (at time t-0) for this 3D printing equipment. Knowing the service life, annual savings, and the company MARR value, what is the maximum amount of money Keystone Foundry will be willing to spend at time t-0 to purchase this equipment