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Please use excel and demonstrate the formulae used.A new project will cost $32,356 initially and will last for 7years, at which time its salvage value will be $2,500. Annualrevenues are anticipated to be $15,000 per year. For a MARR of 6%percent every year, plot a sensitivity graph for annual worthversus initial cost, annual revenue, and salvage value, varyingonly one parameter at a time, each within the range of +/- 50%increments of 10%.
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