You own a manufacturing business and are considering the purchase of a labor-saving device for $140,000. You project that the device will last 19 years and save you $1,500 per month in labor costs. At the end of the 19 years, you project that you can sell the device for a salvage value of $7,500. Assuming that you can earn 14% interest compounded monthly on your money, find the value of the device. How much is the annual savings be worth today? How much is the salvage value be worth today? How much is the total value of the device be today? Should you purchase the device? ?