1 (30 points) The city council of Morristown is considering the purchase of one new fire truck. The options are Truck X and Truck Y. The purchase is to be financed by money borrowed at 10% per year. Which fire truck should be purchased? The appropriate financial data are as follows: Truck X Truck Y Capital Investment $53000 $69000 Maintenance cost per year $5000 $5500 Useful life 5 years 5 years Reduction in fire damage per $19000 $20000 year Your answer: Truck Y Truck X Neither Truck X nor Truck Y