Engineering Economic Analysis Q#6

Switching to water base technology will reduce the emission of volatile organic carbons (VOC) for a firm's production process. the initial cost is $300,000 with the annual cost of $60,000 and saving of $95,000 in the first year. Savings are projected to increase by $3000 annually after the first year. the salvage value 10 years from now is projected to be $40,000. What rate of return will the firm make on this investment? Draw cash flow Derive equation and solve