10) Using the beta distribution for each parameter, find the expected value of the
present worth for an equipment investment given the information below if the
interest rate is 8% and the expected life is 6 years.
Initial Cost, $
Optimistic
Most Likely
Pessimistic
$50,000
$66,000
$80,000
Annual cost, $/year
$8,000
$10,000
$12,000
Salvage Value, $
$15,000
$10,000
$7,000