Determine the net present worth of a facility at an interest rate of 4% with a life span of 15 years provided the following: Initial cost = $1,500,000 Annual O&M = $36,000 that increases $2000 per...

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Give me detailed solution with clear calculations.

Once again remember don't use excel

Extracted text: Determine the net present worth of a facility at an interest rate of 4% with a life span of 15 years provided the following: Initial cost = $1,500,000 Annual O&M = $36,000 that increases $2000 per year. Additional maintenance at year 10 = $50,000 Salvage value = $2,750,000. %3D