1. M. Shadows is considering several options to purchase a new concert LCD system for their upcoming world tour. Four possible concert LCD systems are available as follows, all with expected 10 years of service life. Using a present worth analysis (NPW), determine the preferred LCD system if the interest rate is 18% (5 Marks): Initial Cost Salvage Value Annual Revenue Annual Cost LCD1 LCD2 LCD3 $700,000 $900,000 $490,000 $60,000 $110,000 $75,000 $350,000 $500,000 $200,000 $140,000 $280,000 $80,000 LCD4 $580,000 $170,000 $290,000 $130,000