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5. {3 points] A company is planning to install a new automated plastic-molding press. Four different presses are available. The initial capital investments and annual

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5. {3 points] A company is planning to install a new automated plastic-molding press. Four different presses are available. The initial capital investments and annual expenses for these four mutually exclusive alternatives are as follows: Press P1 P2 P3 P4 Capital investment $24,000 $30,400 $49,500 $52,000 Useful life [years] 6 6 6 6 Annual expenses $31,200 $29,128 $25,192 $22,880 Assume that each press has the same output capacity (120,000 units per year} and has no market value at the end of its useful life; the selected analysis period is six years; and any additional capital invested is expected to earn at least 10% per year. Which press should be chosen if 120,000 nondefective units per year are produced by each press and all units can be sold? The selling price is $0.375 per unit. Fill in the following table: Press P1 P2 P3 P4 PW AW FW

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