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Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $$90,000$ and a useful life of $15$ years. At the end of its useful life, the punch has no salvage value. Annual labor costs would increase $$1,600$ using the gang punch, but annual raw material costs would decrease $$10,000.$ MARR is $6\frac{\%}{y}$ ear.

Part a

What is the future worth of this investment? $ Round entry to nearest dollar. The tolerance is $+-2.$

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Partb

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