[Solved] A farm must decide whether or not to purchase a new tractor.The tractor will reduce costs by $2,000 in the first year, $2,500 in the second and $3,000 in the third and final year of usefulness.The tractor costs $9,000 today, while the above cost savings will be realized at the end of each year.If the interest rate is seven percent, what is the net present value of purchasing the tractor? A)$6,764. B)$9,362. C)$18,362. D)none of the statements associated with this question are correct. Equal Pay Act: A U.S. law passed in 1963 aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work. Title VII: A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin. Exotic Dancer: A performer, typically in adult entertainment venues, who dances and may perform striptease or other erotic dances. Disparate-Impact Discrimination: Discrimination that occurs when policies, practices, rules, or other systems that appear to be neutral result in a disproportionate impact on a protected group.