XYZ wants the foundation to make the first annual donation payment to GMU in 7 years from today, she wants that first donation payment to be $29,000, and she wants annual donations to GMU to increase by 1.6 percent per year forever. To fund the foundation, XYZ plans to make equal annual savings contributions to the foundation for 6 years. How much does XYZ need to contribute to the foundation each year for 6 years to have exactly enough in the foundation to meet her goal if she makes her first contribution to the foundation in one year from today, all savings contributions to the foundation are equal, and funds held by the foundation are expected to earn 8.1 percent per year

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51