You believe that you can make additional 15 EUR per hour after taxes and other costs, working 750 hours a year. However, you may assume that becoming a premium class photographer means that you’ll have to buy a more expensive equipment (more expensive than you would normally buy) and the equipment will not work that long.

Here are the estimates (EUR):

	With Premium Equipment	Without Premium Equipment
Purchase price of a equipment	36 000	22 000
equipment life (years)	4	6
Salvage value (at end of equipment life)	6 000	5 000
Depreciation method	Straight line	None

Tax rate is 25% of profits you make and the discount rate is 7%.