The resale value of a piece of industrial equipment has been found to behave according to the function

V=250,000e-0.06twhere t is the years since original purchase.

a)What was the original value of the equipment? $

b) What is the expected value after 5 years? $

c) How long does it take for the resale value to reach 25 percent of its original value?years.

Round your answers to 2 decimal places.