Future Value and Present Value Tables The chief ranger of the state's Department of Natural Resources is considering a new plan for fighting forest fires in the state's forest ^ ^ ^ ." '^ m : :'" :=-u" u" ''" :'" lands. The current plan uses eight fire-control : '': _ _ = _ :-stations, which are scattered throughout the + a-ti".-a-, w_t"- - interior of the state forest. Each station has a '" :'" '" ,'" " im ..!!"--9'--au".-as-.-....- "" four-person compensation totals $210,000. Other costs staff, whose annual ' - of operating each base amount to $110,000 per year. The equipment at each base has a T current salvage value of $130,000. The buildings at these interior stations have no other use. To demolish them would cost $11,000 each. = = cm The chief ranger is considering an alternative plan, which involves four fire-control stations Iocated on the perimeter of the state forest Each station would require a six-person staff, with annual compensation costs of $310.000. Other operating costs would be $120,000 per base. Building each perimeter station would no. an "--"i' .. ::::: uem taem cost $210,000. The perimeter bases would need helicopters and other equipment ; :: "" " "" = = = = ~ m w equipment from the interior stations could be used at the perimeter stations. Therefore, only half of the equipment at the interior stations would be sold if the perimeter '" m " zu w '" m The state uses a 10 percent hurdle rate for all capital projects. The chief ranger has decided to use a 15-year time period for the analysis Required 1. Use the incremental-cost approach to prepare a net-present-value analysis of the chief ranger's decision between the interior. ' 'n' aan ism in, 140 aw .a. au.." ao. . .s uu san .3m a--sal. "I ,- Ha am 14, fire-control plan and the perimeter fire-control : t" ." or : .." i...-- plan. (Round your "Discount factors" to 3 decimal places. Negative amounts should