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Plz Previous Page NEAL FaBe Question 13 (25 points) Cost estimates for two projects are as follows: Project 1 has an Initial cost of $200,000

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Previous Page NEAL FaBe Question 13 (25 points) Cost estimates for two projects are as follows: Project 1 has an Initial cost of $200,000 and will return $28,000 over each year of its 15-year life and no salvage value; Project 2 has an initial cost of $90,000 and will return $12,500 over each year of its 10-year life and no salvage value. Use an Annual Worth analysis to determine the MARR that will make the two projects equal. Show all workings for full marks. Enter your answer in % -- Round to 2 places after the decimal. Your

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