1. Calculate the simple payback period for each option (show your work) and then state which option you would choose, and why.

Option 1: Aquaman pool filter		Option 2: Neptune pool filter
Cost to furnish & install: $9,000		Cost to furnish & install: $10,000
Annual maintenance contract: $100/month		Annual maintenance contract: $100/month
Annual energy cost: $500/year		Annual energy cost: $450/year
Annual labor cost: $2,000		Annual labor cost: $2,000
Annual parts and supplies cost: $750		Annual parts and supplies cost: $750