ABC construction Inc. is considering whether to purchase a Caterpillar backhoe or not. The cost of the backhoe is $43,019, the annual net benefit is $3,301, the company can sell the backhoe for $24,608 after 8 years. Given the company's MARR is 5%, what is the NPV of the backhoe? 5% Compound Interest Factors 5% Single Payment Uniform Payment Series Arithmetic Gradient Compound Present Sinking Capital Compound Present Gradient Gradient Amount Worth Fund Recovery 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 " 1 1.050 9524 1.0000 1.0500 1.000 0.952 0 0 1.102 9070 4878 5378 2.050 1,859 0.488 0.907 2 1.158 8638 3172 3672 3.152 2.723 0.967 2635 1.216 8227 2320 2820 4.310 3546 1,439 5.103 4