VI. (5 points) A new equipment is available that will reduce this year's labor costs by 25,000 The equipment is expectedto last for 5 years. If labor costs increase at an average rate of 7% per year and the interest rate its 12% per year, what is the maximum amount that we could justify spending for the device? VII. (4 points) What is the monthly payment on a loan of Php15,000 for five years at a nominal rate of interest of 9% compounded monthly