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3. A firm purchased some equipment for $40,000. The equipment reduced costs by $6,000 each year for 8 years, the equipment was sold for $30,000 at the end of the 8 years. Using an interest rate of 10% and annual cash flow analysis (EUAW) determine if the investment was acceptable. 10pts 3. A firm purchased some equipment for $40,000. The equipment reduced costs by $6,000 each year for 8 years, the equipment was sold for $30,000 at the end of the 8 years. Using an interest rate of 10% and annual cash flow analysis (EUAW) determine if the investment was acceptable. 10pts