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View Policies Current Attempt in Progress Please view the following video before answering this question. Video Solution: 04.02-PR014 Click here to access the TVM Factor Table Calculator Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board manufacturing. The system costs $34,000. It has an expected life of 7 years at which time its salvage value will be $10,000. Operating and maintenance expenses are estimated to be $2,000 per year. If the filtration system is not purchased, Aerotron Electronics will have to pay Bay City $12,000 per year for water purification. If the system is purchased, no water purification from Bay City will be needed. Aerotron Electronics must borrow 1/2 of the purchase price, but they cannot start repaying the loan for 2 years. The bank has agreed to 3 equal annual payments, with the 1st payment due at the end of year 2. The loan interest rate is 9.5% compounded annually. Aerotron Electronics' MARR is 11.5% compounded annually. Parta What is the present worth of this investment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 10. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress Please view the following video before answering this question. Video Solution: 04.02-PR014 Click here to access the TVM Factor Table Calculator Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board manufacturing. The system costs $34,000. It has an expected life of 7 years at which time its salvage value will be $10,000. Operating and maintenance expenses are estimated to be $2,000 per year. If the filtration system is not purchased, Aerotron Electronics will have to pay Bay City $12,000 per year for water purification. If the system is purchased, no water purification from Bay City will be needed. Aerotron Electronics must borrow 1/2 of the purchase price, but they cannot start repaying the loan for 2 years. The bank has agreed to 3 equal annual payments, with the 1st payment due at the end of year 2. The loan interest rate is 9.5% compounded annually. Aerotron Electronics' MARR is 11.5% compounded annually. Parta What is the present worth of this investment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 10. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit