Answer the following questions using Microsoft Excel formulas Q1. New digital scanning graphics equipment is expected to cost $20,000, to be used for three years, and to have an annual operating cost of $8,000. Determine the Annual Worth values for one and two life cycles of the equipment at-22% per year. Look at the cash flow diagram below. 0 6 $8,000 $8,000 $20,000 20,000 Life Cycle1 Life Cycle 2