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An owner of a flower shop purchased a Delivery Van for $35,000 five years ago. At that time the Van was expected to provide 10

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An owner of a flower shop purchased a Delivery Van for $35,000 five years ago. At that time the Van was expected to provide 10 years of service and have a trade in value of $2.000 after those ten years of use. The annual operation and maintenance costs for this current Vanhas on average been $10.000 per year. The van is now only expected to be able to perform its delivery duties for another 3 years. Because of the high operations cost of the current Van, the flower shop owner is now thinking about replacing it with a new hybrid delivery van that costs $49.000 and is projected to have annual operation and maintenance costs of $5.000 per year. While looking at the New Van, the Dexler offered to purchase his existing Van for $2.000 of the owner decides to keep the old Van for the remaining 3 years of its functional life he thinks he can sell the Van then for $1,000 Assume the time value of money is 10% ycy. (P/F 10% (A/F 10%.n) (F/A 10%) (A/P 10%.) (P/A 10%.nl 2 0.8264 0.47619 2.1000 057619 1.7355 3 0.7513 0.30211 3.3100 0.40211 2.4869 4 0.6830 0.21547 4.6410 0.31547 3.1699 5 0.6209 0.16380 6.1051 0.26380 3.7908 6 0.5645 0.12961 7.7156 0.22961 4.3553 10 0.3855 0.06275 15.9374 0.16275 6.1446 Question: Calculate the Annual Worth (AW) for the Old Van + New

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