please do not use excel

use tabulated factors and show cash flow diagram

please be clean with your work

CALTRANS is considering installing a remotely situated fuel cell with an installed cost of $2,000 that will reduce existing expenses by $350 per year over the eight (8) year life of the fuel cell. CALTRANS uses a MARR of 8% per year. What is the minimum salvage value after eight years that makes the fuel cell worth purchasing