Can someone please help solving this homework problem for me Data Input Section: POWER JACK TAMPER: Original cost $24,000 Remaining useful life 7 Overhaul in one year 1 Amount $5,000 Disposal value: Current $4,000 Future $0 Annual operating costs $15,000 Annual maintenance $1,200 NEW AUTOMATIC RAISING DEVICE: Cost $68,000 Operating costs $0 Annual maintenance $1,000 Useful life 7 Disposal value: $7,000 Overhaul in year 4 4 Amount $7,000 Desired rate of return: 10% Output Section: REPLACE Year PV of $1 at 10% Operating Costs PV of operating cost Annual maintenance PV of maintenance Overhaul PV of overhaul Disposal value PV of disposal value 1 0.909091 $0 $0 Amount #VALUE! 2 0.826446 $0 $0 Amount #VALUE! 3 0.751315 $0 $0 Amount #VALUE! 4 0.683013 $0 $0 Amount #VALUE! Amount Formula 1 5 0.620921 $0 $0 Amount #VALUE! 6 0.564474 $0 $0 Amount #VALUE! 7 0.513158 $0 $0 Amount #VALUE! Amount Formula 2 Total $ - #VALUE! $ - - KEEP PV of $1 Operating PV of Annual PV of PV of Year at 10% Costs operating costs maintenance maintenance Overhaul Overhaul 1 0.909091 Amount Formula 3 Amount #VALUE! Amount Formula 4 2 0.826446 Amount #VALUE! Amount #VALUE! 3 0.751315 Amount #VALUE! Amount #VALUE! 4 0.683013 Amount #VALUE! Amount #VALUE! 5 0.620921 Amount #VALUE! Amount #VALUE! 6 0.564474 Amount #VALUE! Amount #VALUE! 7 0.513158 Amount #VALUE! Amount #VALUE! #VALUE! #VALUE! $ - TOTAL PROJECT APPROACH Total present A. Replace value Recurring cash operating expenses Formula 5 Annual maintenance expense Formula 6 Initial required investment less disposal value of old machine Formula 7 Overhaul Formula 8 Disposal value, end of year 7 Formula 9 Present value of net cash outflows $0 B. Keep Annual maintenance expense Formula 10 Recurring cash operating expenses Formula 11 Overhaul Formula 12 Present value of net cash outflows $0 DIFFERENCE IN FAVOR OF REPLACEMENT $0 End of