A new furnace for your small tactory is being installed night now, will cost $43,000, and will be completed in one year. At that point, it Wit requice ongoing maintenance expendinures of $4,000 a year. But it is fat more fuel-efficient than your oid furnace and will reduce your consumption of heating oil by 4,000 galons per year. Heating oil this year costs $3 a gallon; the price per gaticn is expected to increase by $050 a year for the next 3 years and then to stablize for the foreseeable future. The furnace will last for 20 years from inital use, at which point it will need to be replaced and will have no salvage value. (5pecifically, the firm pays for the furnace at time 0 and then reaps higher net cash flows from that investment at the end of years 120.) The discount rate is 825 a. What is the net present volue of the irvestment in the fumace? Note: Do not round intermediote colculations. Round your onswer to the nearest whole dollor. b. What is the IRR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal ploces. c. What is the piyback penod? d. What is the equivalent annual cost of the furnace? Note: Do not round intermediate colculations. Round your onswer to 2 decimal ploces. e. What is the equivaient annual savings derived from the funace? Note: Do not round intermediate colculotions, Round your onswer to 2 decimal places. 1. Compare the PV of the difference between the equivalent annual cost and savings to your answer to part (a) Are the two mearures the same or is one lorger