ABC construction Inc. is considering whether to purchase a Caterpillar backhoe or not. The cost of the backhoe is $43,361, the annual net benefit is $3,240, the company can sell the backhoe for $20,441 after 8 years. Given the company's MARR is 5%, what is the NPV of the backhoe? 5% Single Payment Compound Interest Factors 5% Uniform Payment Series Arithmetic Gradient Compound Amount Present Sinking Worth Fund Capital Recovery Compound Present Gradient Gradient Amount Worth Uniform Present Factor Factor Factor Factor Factor Factor Series Worth Find F Find P Find A Find A Find F Find P Find A Find P Given P Given F Given F Given P Given A Given A Given G Given G F/P P/F A/F A/P F/A P/A A/G P/G n 1 1.050 9524 1.0000 1.0500 1.000 0.952 0 0 1 2 1.102 9070 4878 5378 2.050 1.859 0.488 0.907 2 3 1.158 8638 3172 3672 3.152 2.723 0.967 2.635 3 4 1.216 8227 2320 2820 4.310 3.546 1.439 5.103 4 S 1.276 7835 1810 2310 5.526 4.329 1.902 8.237 5 6 1.340 7462 .1470 1970 6.802 5.076 2.358 11.968 6 7 1.407 7107 1228 1728 8.142 5.786 2.805 16.232 7 8 1.477 6768 1047 1547 9.549 6.463 3.244 20.970 8 9 1.551 6446 0907 1407 11.027 7.108 3.676 26.127 9 10 1.629 6139 0795 1295 12.578 7.722 4.099 31.652 10 11 1.710 5847 0704 1204 14.207 8.306 4.514 37.499 11 12 1.796 5568 0628 1128 15.917 8.863 4.922 43.624 12 13 1.886 5303 0565 1065 17.713 9.394 5.321 49.988 13 14 1.980 5051 0510 1010 19.599 9.899 5.713 56.553 14 15 2.079 4810 ,0463 963 21.579 10.380 6.097 63.288 15 16 2.183 4581 0423 0923 23.657 10.838 6.474 70.159 16 17 2.292 4363 0387 0887 25.840 11.274 6.842 77.140 17 18 2.407 4155 0355 0855 28.132 11.690 7.203 84.204 18 19 2.527 3957 0327 0827 30.539 12.085 7.557 91.327 19 20 2.653 3769 0302 0802 33.066 12.462 7.903 98.488 20 21 2.786 3589 0280 0780 35.719 12.821 8.242 105.667 21 22 2.925 3419 0260 0760 38.505 13.163 8.573 112.846 22 23 3.072 3256 .0241 0741 41430 13.489 8.897 120.008 23 24 3.225 3101 0225 0725 44.502 13.799 9.214 127.140 24 25 3.386 2953 0210 0710 47.727 14.094 9.524 134.227 25 26 3.556 2812 .0196 0696 51.113 14.375 9.827 141.258 26 27 3.733 2678 0183 0683 54.669 14.643 10.122 148.222 27 28 3.920 2551 0171 0671 58.402 14.898 10.411 155.110 28 29 4.116 2429 .0160 0660 62.323 15.141 10.694 161.912 29 30 4.322 2314 0151 0651 66.430 15:372 10060