3. A printing company is considering using a new technology. The company needs $1,000,000 to purchase the new equipment. The system will save $100,0000 per year in labor and materials. However, it requires $400,000 maintenance cost. The equipment has a 15 -year service life and will have a salvage value of $50,000. If the company's MARR is 15%, justify the economics of the project based on the NPW method