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(c) The Agro-Farm Agriculture Company has decided to purchase a computer system for aquaponics monitoring system for RM118,000. The project shows a profit of RM32,300

(c)

The Agro-Farm Agriculture Company has decided to purchase a computer system for aquaponics monitoring system for RM118,000. The project shows a profit of RM32,300 annually and one-off grant saving RM50,000 in the fifth year.The monitoring system requires special maintenance that cost RM4,800 annually. Atseventhyear, the system has a major maintenance cost RM2,000. This system will have a salvage value of RM13,000at the end of year fifteen and the MARR = 18%. Evaluate whether this project is an acceptable investment by using Annual Worth AW. Include the cash flow diagram in your calculation

.(7marks)

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