E17.26 Environmental and social costing for decisions: orchard LO 17.8 9, 17.12 Renmark Orchards and Cannery is considering buying high pressure cleaning equipment that vacuums waste liquids 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 Murray 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, 10-year life, no residual value $978 690 Annual operating cost over 10-year life $ 31 808 p.a. Depreciation 10% p.a. Savings in water cost due to reclaimed water $ 31 974 p.a. Total cost of cleaning and maintaining the system every 4 years $ 29 800 Workers' compensation claims $ 11 000 Required: 1. Prepare a summary of the total costs for the waste cleaning system for the next 10 years. 2. Should Renmark Orchards invest in this equipment even if it is uneconomic