A cash flow diagram for a project at BillCo is shown below.

Years Initial Cost Salvage Op Costs Benefits Net Cash Flow

0 $(215,000.00 (215,000.00)

1 $(45,000.00) $80,000.00 35,000.00

2 $(48,300.00) $87,200.00 38,900.00

3 $(51,798.00) $94,976.00 43,178.00

4 $(55,506.00) $103,374.00 47,868.00

5 $(59,436.00) $112,240.00 53,008.00

6 $(63,602.00) $122,240.00 58,638.00

7 $(68,019.00) $132,819.00 64,800.00

8 $24,325.00 $(72,700.00) $144,244.00 95,869.00

Use a MARR of 14%

3a. Determine the NPW

3b. Determine the AW

3c. Determine the FW

3d. Deterine the IRR

3f. Graph the NPW versus MARR