J&E wines recently purchase a new grape press for 150000. te annual operating and maintenence cost for the press are estimated to be 4000 the first year. These cost are expected to increaseby 5000 each year after the first. Tha market value is expected decrease by 25000 each year to a value of zero. Istallation and removal of the press eah cost 3500. using and interest rate of 9%, determine the economic life of the press