Year 0 Question 1 (60 points): The New England Soap Company is considering adding some processing equipment to the plant to aid in the removal of impurities from some raw materials. By adding the processing equipment, the firm can purchase lower-grade raw material at reduced cost and upgrade it for use in its products. Two types of equipment are being considered and their costs/revenues are shown below: A B ($32,000) ($27.500) 1 $15,000 $17.000 2 $22,000 $16,500 3 $19,000 $15,000 The process equipment will run for 3 years. With a MARR of 8%, calculate the following: a) Calculate the Future Value at end of year (EOY) 3 for each option. (6 + 6 points) DO NOT CALCULATE USING THE FINANCIAL FUNCTIONS IN EXCEL. b) Use try-and-error with linear interpolation to calculate IRR for each option. i. Determine whether IRR is greater or less than 30% for each project. (4+4 points) ii. Change the interest rate by 5% and calculate PW. Specifically, if IRR > 30%, then try 35%; if IRR 30%, then try 35%; if IRR