Question $810$ pts Best Bakery $($ BB $)$ is considering purchasing a new van to deliver their product. The van will cost $\backslash (\backslash$$ $24,000\backslash ).$ Fifty $(50)$ percent of this cost will be borrowed. The loan is to be repaid with four equal annual payments $($first payment at $\backslash ($ t$=\backslash )1)$ based on an interest rate of $\backslash (10\backslash \%/\backslash )$ year. It is anticipated that the van will be used for $6$ years and then sold for a salvage value of $\backslash (\backslash$$ $7,500\backslash ).$ Annual operating and maintenance expenses for the van over the $6-$year life are estimated to be $\backslash (\backslash$$ $800\backslash )$ per year. If the van is purchased, BB will realize a cost savings of $\backslash (\backslash$$ $3,400\backslash )$ per year. BB uses a MARR of $\backslash (16\backslash \%/\backslash )$ year. What is the present worth of the van? Consider question $8.$ Based on the present worth analysis, is the van purchase economically attractive?