2. You are considering investing $65,000 in new equipment. You estimate that the net cash flows will be $18,000 the first year, but will increase by $2,500 per year the next year and each year thereafter. The equipment is estimated to have a 10-year life and a salvage value of $5,000 at that time. Assume an interest rate of 10% (1-Point Each) a. What is the annual capital cost (ownership cost)? b. Determine the equivalent annual savings. c. What is the equivalent annual worth of this project? d. Is this a good investment? YES NO