An engineer proposes a project to the management that involves purchasing new equipment for 147.000. the equipment will be used to produce a new product that should generate revenues of 8,000 in the first year, increasing by 2,000 per year. the equipment has a projected service life of 20 years, at which time it can be sold for scrap parts for $5,000. Maintenance is estimated to cost $1000 per year Find the EUAC and determine if the company should move forward with this project if a K% interest rate is used