(8 points) A project that has a useful life of 12 years requires an initial capital investment of $15,000. The annual revenues are expected to be $6,750, and the annual expenses will be $2,800. There is no expected salvage value at the end of the 12 year useful life. The MARR for the company is 15%. a. Using the annual worth (AW) method, determine whether pursuing the project is economically justified. b. Repeat part (a) using the internal rate of return (IRR) method. c. Using the present worth (PW) method, determine the break-even time period after which the project generates a profit. (Find N when PW = 0) (8 points) A project that has a useful life of 12 years requires an initial capital investment of $15,000. The annual revenues are expected to be $6,750, and the annual expenses will be $2,800. There is no expected salvage value at the end of the 12 year useful life. The MARR for the company is 15%. a. Using the annual worth (AW) method, determine whether pursuing the project is economically justified. b. Repeat part (a) using the internal rate of return (IRR) method. c. Using the present worth (PW) method, determine the break-even time period after which the project generates a profit. (Find N when PW = 0)