Osborne Excavation Company is planning an investment of $361,300 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for flve vears. Customers will be charged $150 per hour for bulldozer work. The bulldozer operator costs $37 per hour in wages and thenefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $48 per hour of bulldozer operation. Present Value of an Annuity of $1 at Compound Interest a. Determine the equal annual net cash flows from operating the bulldozer. Fnter all amounts as positive numbers. a. Determine the equal annual net cash flows from operating the bulldozer. Enter all amounts as positive numbers. \$3 above. If required, round to the nearest dollar and use the minus sign to indicate o negative net present value. b. Determine the net present value of the investment, assuming that the desired rate of return is 15% : Use the table of prestint value of an annuity of 51 above. If required, round to the nearest dollar and use the minus sfon to freticate a negative net present value. c. Ostborne Excavation should the inveitment because the bulidorer coos is than the present value of the cash flows at the desiced rate of return of 158