Budget Inc. is considering an investment of $230,000 in new equipment. The new equipment is expected to last ten years. It is estimated to have a zero salvage value at the end of its useful life. Budget Inc. expects the same total net cash flows of $320,000 over the life of the investment. But, because of declining market demand for the product over the life of the equipment, the net annual cash flows are higher in the early years and lower in the later years, as below illustration: Budget Inc. is considering an investment of $230,000 in new equipment. The new equipment is expected to last ten years. It is estimated to have a zero salvage value at the end of its useful life. Budget Inc. expects the same total net cash flows of $320,000 over the life of the investment. But, because of declining market demand for the product over the life of the equipment, the net annual cash flows are higher in the early years and lower in the later years, as below illustration