Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $61500for 15 years and to have a resale value of $121500at the end of that period. Assume a12% rate and earnings at year end. The present value of 1 at12% for 15 periods is0.18270. The present value of an ordinary annuity at12% for 15 periods is6.81086. The future value of 1 at12% for 15 periods is5.47357.

$845360

$418868

$521045

$441066