(Solved): An asset costs $165,000 and will generate cash benefits of $42,000 at the end of each year for eight ...

An asset costs $165,000 and will generate cash benefits of $42,000 at the end of each year for eight years. Salvage values are $78,000, $68,000, $58,000, $48,000, $38,000, $28,000 and 0 at the end of years 2, 3, 4, 5, 6,7, and 8, respectively. The required return is 7.1 percent. Assuming that this asset can be replicated.