Q$1.$ Problem: Modernized Farming Equipment Analysis $[6$ Marks$]$

The Green Valley Agricultural Co$-$op is considering investing in a new automated irrigation system to improve efficiency on their farms. The system is priced at $$20,000.$ The automation will not increase crop yields or sales revenues, but it is expected to decrease water usage and labor costs significantly. The system requires annual maintenance to function correctly. The system is expected to be functional for eight years, after which it will have no salvage value. The following table summarizes the anticipated annual savings in water and labor costs and the annual maintenance cost over eight years.

$\backslash$table$[[$Year $($n$),$Costs $($$$),$Savings $($$$),$Net Cash Flow $($$$)],[0,20,000,0,-20,000$