What is the present worth of the project

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A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $50,000; maintenance costs that start at $5,000 at the end-of-year (EOY) one and increase by $1,000 for each of the next four years, and then remain constant for the following five years; savings of $20,000 per year (EOY 1-10); and finally a resale value of $35,000 at EOY. If the project has a 10-year life and the firm's MARR is 10% per year, what is the present worth of the project?

Reference no: EM13188760

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