An owner of a lower purchased Delivery Van for $35.000 Ft yes. At that time the Van was expected to provide 10 years of service and have a Irade-In value of $2.XXO ater those ten years of use. The annual operation and maintenance costs for the current Vanhas on average been $10,000 per year. The van is now only expected to be able to perform is 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 Tybrid delivery van that costs $19.000 and is projected to have annual operation and maintenance costs of $5.000 per year. While looking at the New Van, the Dealer offered to purchase his existing Van for $2,000, Ir 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 $1000, Assutne the time value of money 10% ycy, (P/E 10% (N/F 10X (F/A 10% (A/P 10%) (P/A 10%) 2 0,8264 0.47619 2.1000 0.57619 1.7355 3 0.7513 0.30211 33100 0.40211 2.4869 0.6830 0.21547 4.6410 0.31547 3.1699 5 0.6209 0.16380 6.1051 0.26380 3.7908 0.5645 0.12961 7.7156 0.22961 4.3553 10 0.3855 0.06275 15.9374 0.16275 6.1446 New information is now available for the New Van. This new van is expected to have a life of 10 years and is anticipated to have a re-sale value of $4,000 at that time. Question: Calculate the Annual Worth (AW) for the New Van. 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 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 Dealer 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 fe 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%.nl (F/A 10%.n) (A/P 10%) (P/A 10%,n) 0.8264 0.47619 2.1000 0.57619 1.7355 2 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 New information is now available for the New Van. This new van is expected to have a life of 10 years and is anticipated to have a re-sale value of $4.000 at that time. Question: Calculate the Annual Worth (AW) for the New Van