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A farm equipment manufacturer is considering two types of controllers for one part of its production...

A farm equipment manufacturer is considering two types of controllers for one part of its production facility. Alternative 1 will have an equipment cost of $ 95,869, an installation cost of $ 35,497, annual M&O costs of $ 6,894, and a $ 8,761 salvage value after 13 years. Alternative 2 will have an initial cost of $170,000 (including installation), an annual operating cost of $35,000, and $10,000 salvage value after its 8 year life. At an interest rate of 6.3 % per year, the annual worth of the alternatives one is closest to
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