Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $64500 for 15 years and to have a resale value of $124500 at the end of that period. Assume a 10% rate and earnings at year end. The present value of 1 at 10% for 15 periods is 0.23939. The present value of an ordinary annuity at 10% for 15 periods is 7.60608. The future value of 1 at 10% for 15 periods is 4.17725.