1. A construction company is considering the acquisition of new equipment. There are two options as below. Which one should be selected when considering "NPW"? (MARR: 8\%) - Option 1) - Required initial investment (cost) is $70,000 present cost - Predicted annual uniform benefit over 5 years is $15,000 annual benefit - Salvage value of the machine at the 5 -year is $20,000 future income - Option 2) - Required initial investment (cost) is $65,000 present cost - Predicted annual uniform benefit over 5 years is $15,000 annual benefit - Salvage value of the machine at the 5 -year is $15,000 future income