28. Determine the annual equivalent for Problem 18. Should your company purchase the loader? 18. Your company is looking at purchasing a loader at a cost of$125,000. The loader would

have a useful life of seven years. At the end of the seventh year the salvage value is estimated to be $10,000. The loader could be billed out at $85.00 per hour and costs $30.00 per hour to operate. The operator costs $25.00 per hour. Using 1,100 billable hours per year, determine the NPV for the purchase of the loader using a MARR of 22%. Should your company purchase the loader?