Patti's project has an IRR of 12 percent, first cost P, and annual savings A. She observed that the salvage value, S, at the end of the five-year life of the project was exactly half of the purchase price and that the present worth of the project was exactly double the annual savings. What was Patti's MARR

Click the icon to view the table of compound interest factors for discrete compounding periods when I=12%