Question 8 0.4 pts Kermit is considering purchasing a new computer system. The purchase price is $114,235. Kermit will b

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Question 8 0 4 Pts Kermit Is Considering Purchasing A New Computer System The Purchase Price Is 114 235 Kermit Will B 1 (140.5 KiB) Viewed 9 times

Question 8 0.4 pts Kermit is considering purchasing a new computer system. The purchase price is $114,235. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments over a 3- year period. The computer system is expected to last 5 years and has a salvage value of $6,755 at that time. Over the 5-year period, Kermit expects to pay a technician $20,000 per year to maintain the system but will save $76,917 per year through increased efficiencies. Kermit uses a MARR of 12 percent to evaluate investments. What is the net present worth for this new computer system? Enter your answer in this format: 12345