Checkers Co is contemplating a capital project costing $81,510 which will have a useful life of seven years. The project will provide annual cost reductions of $14,250 during the life of the project and have a salvage value of $3,000 at the end of the useful life. The company has beer successfully earning 8% on its investments while the company's cost of capital plus risk is 6%. Should the company pursue the investment project? Please explain your answer and show all calculations (round to the nearest whole dollar). Year PV of 1 @ 6% PV of 1 @ 8% PV of Annuity @ 6% PV of Annuity @ 8% 6 0.705 0.630 4.917 4.623 0.665 0.585 5.580 5.206 0.627 0.540 6.210 5.747 0.585 5.580 5.206