Charlie€™s Garage has $70,000 to spend on new equipment that may increase revenue for his car repair shop. Use the PW method to determine which of these independent investments are financially acceptable at 6% per year, compounded monthly. All are expected to last 3years.

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Installed Estimated Added Feature Cost, Revenue, $ per Month Diagnostics system5.000 2200 2000 1500 -45.000 Exhaust analyzer -30,000 Hybrid enginet22,000