This lest has a time imit of 2 hours and 30 minutes, Thes test will save and sub

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This lest has a time imit of 2 hours and 30 minutes, Thes test will save and subnt automatically when the time expires Wamings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain Timed Test Multiple Attempts Not allowed This test can only be taken once Force Completion Once started, this test must be completed in one siting Do not leave the test before clicking Save and Submit doos not allow backtracking Changes to the answer after submission are prohibiaed Remaining Time: 2 hours, 12 minutes, 27 seconds Question Completion Status y a Moving to the next question prevents changes to this answer Question 2 of 10 uestion 2 10 points Save Anse It is estimated that a certain piece of equipment can save $22,000 per year in labor and materials costs. The equipment has an expected life of five years no market value. If the company must earn a 5% annual return on such investments, how much could be justified now for the purchase of this pece of equipment Question 2 of > Moving to the next question prevents changes to this answer D Type here to search F10 F11 ts F12 F8 F9 F5 F6 FT F3 F4

Explanation / Answer

purchase this piece of equipment

=22000/(1+5%)^1+22000/(1+5%)^2+22000/(1+5%)^3+22000/(1+5%)^4+22000/(1+5%)^5

=95248.49

the above is answer..

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