Denmark Groves is considering buying high pressure scrubbing equipment that vacuums waste liquid into a storage tank and then purifies the waste. The wastewater can then be pumped back onto orchards. The system will avoid any leakage of liquid waste into the Nora River, which has happened once every two years and will avoid the related workers compensation claims that have arisen every five years. The operating characteristics are as follows:

Initial outlay for new equipment 15-year life no residual value	$ 541,345
Annual operating cost over 15-year life	$ 22, 904
Depreciation	15% p.a.
Savings in water cost due to reclaimed water	$ 17, 225
Total cost of cleaning and maintaining the system every 5 years	$ 5100
Workers compensation claims	$ 7,500

Required:

1. Prepare a summary of the total cost for the waste scrubbing system for the next 15 years.
2. Should Denmark Groves invest in this equipment even if it is uneconomic. write in your own words
3. (15 marks)