Monroe Corporation is considering the purchase of new equipment. The equipment will cost $54,000 today. However, due to its greater operating capacity. Monroe expects the new equipment to earn additional revenues of $9,750 by the end of each year for the next 10 years. Required: 1-a. Assuming a discount rate of 13% compounded annually, calculate the present value of annuity. (FV of \$1, PV of \$1, EVA of \$1, and PVA of \$1) 1-b. Should Monroe make the purchase? Complete this question by entering your answers in the tabs below. Assuming a discount rate of 13.0% compounded annually, calculate the present value of annuity. (Use tables, Excel, or a fnancial calculaton. Round your answer to 2 decimal places.)