PROBLEM 1: You are given pertinent data (see table at the right) about a new system to be implemented in the manufacturing department of your company. Required: Evaluate this project proposal using all relevant and applicable project assessment tools and techniques. Do you recommend the approval of this project if MARR = 20%? Investment (machine) at n=0 ($) 32,000.00 Additional Investment at n=1 ($) 15,000.00 Useful Life (years) 10 Salvage Value ($) 3,200.00 Estimated units to be 15,800 produced/sold per year Selling Price per Unit ($) 2.67 Variable Cost per Unit ($) 0.85 2,000.00 Annual Operating costs ($) 8,000.00 Other Costs per Year ($) 500.00 NOTE: The first revenues and expenses will occur at the end of Year 2 Annual Maintenance Cost (s) 1