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Final Finishing is considering 3 mutually exclusive alternatives for a new polisher. Each alternative has an expected life of14years and no salvage value. Polisher 1

Final Finishing is considering 3 mutually exclusive alternatives for a new polisher. Each alternative has an expected life of14years and no salvage value. Polisher 1 requires an initial investment of $22,800and provides annual benefits of $4,445. Polisher 2 requires an initial investment of $11,400and provides annual benefits of $1,750. Polisher 3 requires an initial investment of $16,400and provides annual benefits of $3,700. MARR is16%/year.

What is the future worth of Polisher 1?

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