Question 8 Product marketers are happy because products that reach the to become profitable. 5 pts stage start

10. Triple Crown is considering installing a new cooler (equipment) in order to increase the volume and variety of beverages they can offer. The new cooler will cost $30,000. It is expected to last 7 years but only if the cooler is overhauled (REPAIRED) at a cost of $3,000 at the end of year 4 . The new cooler is expected to have a $2,000 salvage value at the end of 7 years. The new cooler is expected to generate additional revenues of $18,000 per year with an increase in expenses of $8,000 per year. Triple Crown's discount rate is 10%. What is the net present value of this investment opportunity? Should they invest in the cooler? Hint: determine the PV of each item. Be careful if the item is an annuity (annual) or one time only event. Prad an annuirv of SI Show work