Use Exhibit $12$B$.1$ and Exhibit $12$B$.2$ to locate the present value of an annuity of $$1,$ which is the amount to be multiplied times the future annual cash flow amount.

Each of the following scenarios is independent. Assume that all cash flows are after$-$tax cash flows.

year. She estimates that the shop will have a useful life of $6$ years.

The project was expected to produce annual after$-$tax cash flows of $$135,000.$

Required:

negative NPV$.$

$

Should the company buy the new welding system?

calculations to the nearest dollar. Use the minus sign to indicate a negative NPV$.$

$

Should she invest?

the nearest dollar.