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2) X 0/4 (4pts) The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase of automatic tools to automate the design process. The

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2) X 0/4 (4pts) The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase of automatic tools to automate the design process. The company just purchased an upgraded DgCAD software for $5000 now and annual payments of $500 per year for 3 years starting 3 years from now for annual upgrades. Casablanca Offshoring Park benefits from a governmental incentive on the software of $1000 at year 5. Using a rate of 10% per year and a predicted life of 5 years, find the equivalent TOTAL present worth (DGCAD software + annual upgrade+ incentive)

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