I need your help with a capital budgeting decision at my job. We are looking into getting floor scrubbers for several of our high-rise apartment buildings. It's by 2% per year over the life of the project. The floor scrubbers cost $11,000 in total and are projected to have a useful life of around seven years with a with a the project. Our required rate of return at the company is 8% expected to cost $200 in the first year and is expected to increase by 1% per year over the life of 6 points for laying the problem out correctly 3 points for answering each of my questions correctly