To improve package tracking at a UPS transfer facility, conveyor equipment was upgraded with RFID sensors at a cost of $300 and has a useful life of 3 years. The operating cost is expected to be $150 per year. The salvage value of the equipment is expected to be $140 for the first 2 years, but due to obsolescence, it won't have a significant value after that. At an interest rate of 10% per year, determine (a) The economic service life of the equipment and associated annual worth (b) The percentage increase in the AW of cost if the equipment is retained I years longer than the ESL

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