A new asset is available for $210,000. O&M costs are $23,000 each year for the first five years, $20,000 in year six, $16,000 in year seven, and S12,000 in year eight. Salvage values are estimated to be $150,000 after one year and will decrease at the rate of 20% per year thereafter. At a MARR of 15%, determine the economic service life of the asset. Click the icon to view the interest factors for discrete compounding when MARR = 15% per year. The economic service life of the asset is 8 year(s) with an AEC value of s 65,835 (Round to the nearest whole number.)