5. 8.63 Janice is a process engineer for Upland Chemicals. Yesterday, she was handed the following information about a piece of air quality sampling equipment that she earlier requested be purchased for her department. The request was denied by the Corporate Finance Manager based on the large negative PW value that the manager calculated. Janice was quite aggravated when she determined the interest rate used by the manager was 25% per year, well above the published corporate MARR of 10% to justify required product or environmental quality equipment. In a meeting with you, Janice shared some of her own estimates about first cost and expected life. Using the following estimates and distribution assumptions, perform a simulation for Janice that may help her in an effort to obtain approval to purchase the equipment. Varying amounts: P Continuous uniform distribution over the range $−140,000 to $−170,000 n Discrete uniform distribution over the range 8 to 15 years P = $−150,000 GI = $45,000 per year E = 10% of P or $−