A company purchases a piece of manufacturing equipment for rental purposes. The expected income is $10,000 the first year and increases $100 every year thereafter. Its useful life is 6 years. Expenses are estimated to be $2,000 annually. Tue purchase price is $75,000 and there is a salvage value of $10,000. What is the equivalent annual worth (EAW) of this investment alternative with an interest rate of 6% ?

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