A cash crop farmer must replace one of his tractors. The key parameters values of the three tractors under scrutiny are provided below. Parameters John Deere Dell HP Initial Cost ($) 225,000 255,000 265,000 125,000 at 134,500 at EOY1 EOY1 2. Revenues ($) increasing by increasing by 155,000 each year 2% annually 1% annually thereafter thereafter thereafter 62,000 at EOY1 82,000 at EOY1 80,000 at EOY1 3. Operating costs increasing by increasing by $2,000 $2,000 decreasing by 2% ($) annually annually annually thereafter thereafter thereafter 4. End-of-life salvage value ($) 30,000 25,000 30,000 5. Useful life 5 10 5 (years) All parameter values are fictitious. 2 . EOY = End-of-year . Industry standard for backhoes = 4 years MARR = 10% 1. John Deere's Net Future Worth (NFW) (rounded to the nearest $100) of a) $41,600; b) $45,400; c) $55,800; d) $58,300. 2 . Ford's NPW (rounded to the nearest $100) is a) $49,800; b) $55,500; c) $63,000; d) $76, 100. 3. Kubota's net worth (rounded to the nearest $100) after 5 years is a) $78,400; b) $82, 100; c) $84,800; d) $93,700 4. John Deere's Annual Equivalent Worth (AEW) (rounded to the nearest $100) is a) $8,700; b) $9,600; c) $9,900; d) $10,200. 5 . Kubota's AEW (rounded to the nearest $100) over 15 years (it was repeated without changes to its initial parameter values) is a) $12,800; b) $13,300; c) $14,300; d) $15,700. 6. The best tractor based on the net present worth (NPW) method is a) John Deere; b) Ford; c) Kubota; d) None of the tractors is acceptable