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An engineer - to - order manufacturer is considering purchasing new equipment for its film adhesive assembly. The initial cost of the equipment is $1 2, 000 and annual maintenance costs are estimated to be $205, 000 per year. The expected annual revenue is $220, 000 per year. The equipment will be sold at the end of 5 years, at which time it will have a salvage value of $500. Use straight - line depreciation, an effective tax rate of 40 %, and after - tax MARR of 1 5% per year. Use after tax analysis, determine if this purchase is worthwhile. Please show complete work