A company wants to purchase an equipment for $$25,000.$ I he equipment will be depreciated

using the straight$-$line method over a $4$ year useful life to a salvage value of $$5,000.$ It is

estimated that the equipment will increase the company's earnings by $$8,000$ for each of the

$4$ years. Should the equipment be purchased $($consider if Net Present Worth is $0)?$

Assume an interest rate of $7\%$ and use the current U$.$S$.$ corporate tax rate in $2024.$