Bailey, Inc., is considering buying a new gang punch that would allow them to produce or circuit boards more efficiently. The punch has a first cost of $110,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value. Annual labor costs would increase $2, 400 using the gang punch, but annual raw material costs would decrease $13,000. MARA is 5% year. What is the investment? $ Round entry to nearest dollar. The tolerance is plusminus 2. The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above