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5. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction over a period

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5. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction over a period of 6 months in dollars is given in table below. Determine the present worth scrap reduction over a period of 6 months. The interest rate is 12% per year compounded monthly. of 10 Month Scrap reduction in $ 20K 22K 24K 28K 25K Maintenance in $ 1k 2K 6K 4K 7K

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