Use Excel for solving

Question 1 [based on Chapter 9} A new machine will cost $250,000. The expected market value of the machine at the end of each year, and the annual maintenance costs are given in the table below. Assuming 11% oost of capital, what is the economic life of the machine? Clearly answer the question. (Hint: construct a table similar to Example 9-4 in the textbook] Market Annual "u'alue at Maintenance the End Cost 2 50,000 2 23,000 22,000 2 00,000 2?,000 1 30,000 23,000 1 52,000 30,000 145,000 34,000 1 32,000 42,000 1 22,000 53,000 1 13,000 90,000 II M 3 a HI-U'IU'I m