Previously, CrimsonCorp was

considering an investment with a first cost of

$$35,000$ and annual savings of $$9600/$yr$.$

Assume that CrimsonCorp is entitled to a $5\%$

investment tax credit on the first cost, that pays

a $34\%$ tax on profits, and that the federal gov$$t

classifies the lighting equipment in the $5-$year$$

property class