Question 1 of 2 -13 > View Policies Current Attempt in Progress Please view the following video before answering this question. Excel Video Lesson: PV Financial Function Click here to access the TVM Factor Table Calculator 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 $95,000 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 $4,500 using the gang punch, but annual raw material costs would decrease $15,000. MARR is 5.0 %/year. Parta What is the present worth of this investment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. e Textbook Media Save for later Attempts: 0 of 3 used Submit Answer Part b The parts of this question must be completed in order. This part will be available when you complete the part above. Part The parts of this question must be completed in order. This part will be available when you complete the part above