1. (8 pts) Martini Distillery, whose MARR is 15%, is opening a new production facility at Sweetwater Springs. Two types of stills are being considered. The cost estimates for each are shown, below. The distillery is assuming like-replacement, and is working with an economic forecast of 12 years. MASHER $13,000 $1,200 SQUEEZER $15,000 $1,500 First Cost Annual Maintenance & Operating (M&O) Cost Annual INCREASE in M&O Salvage Value Life 0 0 4 years $400 $2,000 6 years Determine which bin type they should choose. EXPLAIN YOUR DECISION by Present Worth Analysis and Annual Cash Flow Analysis