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1.1 Calculate the uniform annual profit on a processing plant for which the following data apply: 12 years $280,000 4% of first cost $50,000 Life First cost Annual real estate tax and insurance Salvage value at end of 12 years Annual cost of raw materials, labor, And other supplies Annual income Maintenance costs, during first cost year At end of second year At end of third year $60,000 $140,000 0 $1,000 $2,000 At end of twelfth year $11,000 The interest rate applicable is 6 percent compounded annually