PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL Improvements with an initial investment cost of $ 67,000 will be made in an...

PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL PLEASE NOT EXCEL

Improvements with an initial investment cost of $ 67,000 will be made in an assembly line. Yearly
maintenance costs are $ 3,500, major maintenance every 3 years is $ 6,000 each.
is worth. As the useful life of these improvements is expected to be 12 years, the interest rate
Find the present value of costs when the ratio is 8%. (Answer: $ 107,304)

(It should be done without using Excel.)