Question: What are these two present values, and how do we calculate them? COST OF NO. OF PRESENT PMT CAPITAL YEARS VALUE Marcus Engine $ 3,000

What are these two present values, and how do we calculate them?

COST OF NO. OF PRESENT
PMT CAPITAL YEARS VALUE
Marcus Engine $ 3,000 7.95% 5
Detroit Engine $ 1,500 7.95% 5

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