A company is considering the purchase of one of the following new pieces of

equipment. Either option carries with it a life of $10$ years and a minimum desired rate

of return of $8\%.$

Answer the questions below, considering the cash inflows should be indicated as

positive values and cash outflows should be indicated as negative values. The

company would like these calculations to be performed in Microsoft Excel without use

of the Present Value tables.

intermediary calculations minimum precision: ten$-$thousandths place $(4$

decimal places$)$