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A company can purchase equipment for $113,004 that will yield a savings of $20,000 per year. The equipment has a useful life of 10 years.

A company can purchase equipment for $113,004 that will yield a savings of $20,000 per year. The equipment has a useful life of 10 years. PV of ordinary annuity for 10 years at the following rates are: 10%=6.145 11%=5.889 12%=5.650 13%=5.462 14%=5.216 15%=5.019 If the company has a cost of capital of 14% should the project be accepted

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