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ion 1 * 0/5 (5pts) The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase of automatic tools to automate the design process.

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ion 1 * 0/5 (5pts) The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase of automatic tools to automate the design process. The company just purchased an upgraded DgCAD software for $5000 now and annual payments of $500 per year for 5 years starting year 1 for annual upgrades. Casablanca Offshoring Park benefits from a governmental incentive on the software of $1000 at year 5. Using a rate of 10% per year and a predicted life of 5 years, find the equivalent TOTAL present worth (DGCAD software + annual upgrade+ incentive)

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