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Exercise #5: A digital printer costs $12,000. It can generate production savings of $4,000 for 5 years. If you wait to buy one year, next

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Exercise #5: A digital printer costs $12,000. It can generate production savings of $4,000 for 5 years. If you wait to buy one year, next year's model will cost $11,500 and will generate production savings of $4,500 per year for 5 years. The cost of capital is 12%. Should you buy now or wait? NPPVBuy=$[15] NPVWait=$[16]

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