A new bottle-capping machine costs 59,000, including 6,000 for installation.The machine is expected to have a useful life of eight

years with no salvage value at that time (assume straight-line depreciation).Operating and maintenace costs are expected to be 4,500

for the first year, increasing by 2,000 each year thereafter.Interest is 12%.

Construct a spreadsheet that has the following headings:Year, Salvage Value, Maintenance Costs, EAC (Capital Costs), EAC

(Operating Costs), and EAC (Total Costs).Compute the EAC (Total Costs) if the bottle capper is kept for n years, n = 1,...,8.

What is the economic life of the bottle capper (in years)?

Complete the row of the table indicating the economic life for this project (NOTE:Use 5 significant figures in your calculations, and round your answers for the table below to the nearest dollar.):

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