2 20 Marks Bosman Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. After careful study, Bosman estimated the following costs and revenues for the project: Cost of new equipment needed 420,000 Sale of old equipment no longer needed $80,000 Working capital needed $65,000 Equipment maintenance in each of Years 3 and 4 $20,000 Annual revenues and costs: Sales revenues $410,000 Variable expenses $175,000 Fixed out-of-po