M10 An investment of $20,000 in new equipment will generate income of $7000 per year for 3 years, at which time the machine can be soldfor an estimated $8000. If the company's MARR is 15% per year, the following equation can be used to solve for i* is: 0=-20,000 (P/A,1,3)+ 7000+8000(A/F1,3)Select one:O TrueO FalseWhich statement is incorrect regarding the use of factors?O a. F is at the same year of the last A.O b. P is at the same year of the first A.OC. A should be consecutive amountsO d. A are equal amounts of money.

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An investment of $20,000 in new equipment will generate income of $7000 per year for 3 years, at which time the machine can be sold for an estimated $8000. If the company's MARR is 15% per year, the following equation can be used to solve for it is: 0 -20,000(P/A,1,3)+ 7000+8000(A/F1,3) Select one: O True O False