Your accountant has provided you with the following table of salvage values for a certain type of apricot squeezing machine, which you are considering for use in your Sour Apricot Sherbet Shop.

Year	Salvage Value
1	$22,000
2	21,000
3	20,000
4	16,000
5	10,000

Calculate the economic life (years) of this piece of equipment. The first cost is $25,000 and MARR is 12%.

	A.	1 year
	B.	5 years
	C.	2 years
	D.	3 years
	E.	4 years