Question 2 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 $125,000 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 $4,000 using the gang punch, but annual raw material costs would decrease $16,000, MARR is 5.5 %/year. Click here to access the TVM Factor Table Calculator 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. What is the decision rule for judging the attractiveness of investments based on present worth? Should Bailey buy the gang punch