Stephen’s Brewing Company (SBC) is required to install a new piece of safety equipment. SBC has two alternatives for the equipment. One alternative would cost $260,000 immediately but would not add to operating costs over the five-year life of the equipment. The second alternative costs $75,000 immediately but would add $45,000 to annual operating costs for five years. SBC uses an 8% discount rate. Which alternative should the company purchase?