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An in-line filter for a water plant has an estimated life of eight years. By adding a purifier to the filter saving so $300 per

An in-line filter for a water plant has an estimated life of eight years. By adding a purifier to the filter saving so $300 per year in annual operating costs can be obtained. If the MARR for the plant is 8%, what is the maximum expenditure that can be justified for paying for the purifier? Suggest using the discrete compounding tables.

A.

$555

B.

$1724

C.

$1875

D.

$300

E.

$24

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