Net Present Value Method-Annuity Briggs Excavation Company is planning an investment of $234,700 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for five years. Customers will be charged 5110 per hour for buldozer work. The bulldozer operator costs $30 per hour in wages and benefits. The builder is expected to require annual maintenance costing $20,000. The builder useful that is expected to cost $39 per hour of bulldorer operation Present Value of an Annuity of 81 at Compound Interest Year 1 2 0 1 15% 0.870 1.626 20% 0.833 1.528 12% 0.893 1.690 2.402 3.037 3.605 2.106 6% 10% .943 0.909 .8331.736 2.673 2.487 3.465 3.170 4.212 3.791 4.917 4.35 5.582 4.868 .210 5.335 6.802 5.759 7.360 6.145 2.855 2.589 2.99 3.784 4.160 4.487 3326 3.605 3.837 4.564 4.968 5.328 8 6 10 5.650 5.0194 .192 a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows. Briggs Excavation Equal Annual Net Cash Flow Cash outflows: b. Determine the net present value of the investment, assuming that the desired rate of return is 12%. Use the present value of an annuity of $1 table above. Round to the nearest dollar. If required, use the minus sign to indicate a negative net present value Present value of annual net cash flows Amount to be invested Net present value c. Should Briggs Excavation invest in the bulldozer, based on this analysis? because the bulldozer cost is the present value of the cash flows at the minimum desired rate of return of 12%. d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole hours