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Question 8 (29 points) A computerized wood lathe, costing $17,000, will be used to make ornamental parts for sale. Sales a estimated at $28,000 per

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Question 8 (29 points) A computerized wood lathe, costing $17,000, will be used to make ornamental parts for sale. Sales a estimated at $28,000 per year with costs running $10,000 for the first year and increases by $1000 per year subsequently. The salvage value is $2,000 at the end of 10 years. a) If the MARR is 9%, determine the present worth of this investment? (15 points) b) Is this investment recommended? Justify . Paragraph

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