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Find the present value of an investment in plant and equipment if it is expected...

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Accounting

Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $70500 for 15 years and to have a resale value of $130500 at the end of that period. Assume a 8% rate and earnings at year end. The present value of 1 at 8% for 15 periods is 0.31524. The present value of an ordinary annuity at 8% for 15 periods is 8.55948. The future value of 1 at 8% for 15 periods is 3.17217.

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