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Please answer ASAP 5. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction

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5. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction over a period of 6 months in dollars is given in table below. Determine the present worth of scrap reduction over a period of 6 months. The interest rate is 12% per year compounded monthly. Month 2 22K 3 24K 4 25K 5 28 6 30K Scrap reduction in $ 20K Maintenance in $ 4K

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