Splish Ine wants to replace its current equipment with new high$-$tech equipment The existing equipment was purchased $5$ years ago at a cost of $$126,000$ At that time, the equipment had an expected life of $10$ years, with no expected salvage value. The equipment is being depreciated on a straight$-$line basis. Currently, the market value of the old equipment is $$44,200.$

$$The new equipment can be bought for $$174,010,$ including installation. Over its $10-$year life, it will reduce operating expenses from $$192,300$ to $5146\mathrm{.}600$ for the first six years, and from $$204,900$ to $ $193,500$ for the last four years. Net working capital requirements will also increase by $ $21\mathrm{.}000$ at the time of replacement.

$$It is estimated that the company can sell the new equipment for $524,400$ at the end of its life. Since the new equipments cash flows are relatively certain, the project's cost of capital is set at $10\%,$ compared with $15\%$ for an average$-$risk project. The firm's maximum acceptable payback period is $5$ years.

$$Click here to view the factor table.

$($a$)$

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$$nitial investment is $150810$

And calculate cash payback period round answer to $2$ decimal places eg $15\mathrm{.}25$Calculate the project's net present value. $($If the net present value is negative, use either a negative sign preceding the number e $8.-45$ or parentheses eg$.(45),$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided, eg $1\mathrm{.}25124$ and final

answer to D decimal places es $5275,$

Net present value

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