The initial cost for an alternative is $27,000. Annual revenues are $5300 and annual expenses are $500. The salvage value is $1800. The useful life is 7 years. The MARR is 5%. Use present worth to determine if this is a good alternative or a bad alternative. Calculate present worth directly; do not calculate present worth by calculating future worth or annual worth first. Answer in a complete sentence and justify your answer (how do you know it is good or bad?)