3. A company is contemplating the purchase of a piece of equi equipment by remal cost of $100,000. The company will finance the purchase cost. The five-year twenty percent of the making a down payment equal to fifteen percent of the initiahs equipmen will be financed at a rate of eleven percent per year over a The estimated salvage value of the equipment is expected to he initial cost. The anticipated life of the equipment is twelve to be $5,000 in the first year of operation with cost of the equipment is expected increasing by $100 per year throughout the life of the to be $10,000 in the fourth year of operation with maintenance cost is expected to be $10,000 in the fouuipment, T costs increasing by five percent per year till the end of the life of the equi The equipment will also be overhauled at the end of six years of o overhaul cost is expected peration. The to be $25,000. The company purchasing the equipment me per year that the MARR of 6% per year. Compute the amount of inco requires a company will require in order to meet their financial work. objective. Show all of your