9. Delightful Climate Forecasters (DCF) are planning to contract for a suite of new office equipment (printers, computers, etc.). DCF is considering two proposals that each involve substantial startup costs and annual maintenance costs. Proposal A costs more up front but is a 5-year arrangement. Project B costs less up front, but costs more each year and will have to be renewed after 4 years. What is the Equivalent Annual Cost of Proposal A? DCF is using a discount rate of 8%. Year Proposal A Proposal B 0 -$85,000 -$70,000 -$ 8,000 -$10,000 2 -$10,000 -$12,000 3 -$12,000 -$14,000 4 -$14,000 -$16,000 5 -$16,000 a. $32,982 b. -$26,337 c. -$29,000 d. $ 9,597 e. -$39,759