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What is the smallest acceptable annual income from a project which has a $87,159 investment cost and a $8,539 salvage value is the life is 15 years and the MARR is 15%?

What is the smallest acceptable annual income from a project which has a $$87,159$ investment cost and a $$8,539$ salvage value is the life is 15 years and the MARR is $15%$ ? Enter your answer in this format: 123456.78

To determine the smallest acceptable annual income, we need to calculate the annual worth of the project, considering the investment cost, salvage value, project life, and the minimum attractive rate of return

The annual worth formula can be used to calculate the equivalent annual income (EAI):