5-45 The Crockett Land Winery must replace its present grape-pressing equipment. The two alternatives are the Quik-Skwish and the Stomp-Master. The annual operating costs increase by 12% each year as the machines age. If the interest rate is 9%, which press should be chosen? Quik-Skwish Stomp-Master First cost Annual operating costs Salvage value $350,000 28,000 35,000 $500,000 22,500 50,000 Useful life, in years 10