A method of analysis of proposed capital investments that focuses on the present value of the cash flows expected from the investments Net Present Value Method-Annuity Briggs Excavation Company is planning an investment of $368,900 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for 10 years. Customers will be charged $130 per hour for bulldozer work. The bulldozer operator costs $37 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $48 per hour of bulldozer operation. Present Value of an Annuity of?1 at Compound Interest 10% 12% 0.893 1.833 1.736 1.690 1.626 1.528 2.402 3.037 3.605 4.111 4.564 6.210 5.335 4.968 4.4873.837 5.328 5.650 Year 690 15% 20% 0.943 0.909 0.870 0.833 2.673 3.465 4.212 4.917 5.582 2.487 3.170 3.791 4.355 4.868 2.283 2.855 3.353 3.785 4.160 2.106 2.589 2.991 3.326 3.605 4.772 4.031 4.192 a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows. 6.802 5.759 10 7.360 6.145 5.019