9. You own a cheese making factory. You need to purchase some equipment for making cheese. Two manufacturers, Ace and Bosa offer to sell you the equipment. Ace sells for $60,000 and must be paid immediately. Bosa sells for $62,000 and must be paid immediately. Bosa will give you a $2,600 manufacturer's rebate which you will receive two years from now. (a) How much does it cost to buy the equipment from Bosa if money is valued at 10% effective (i.e. 10% compounded annually)? Use TODAY as your comparison date. (b) Ace offers to give you a rebate in 2 years so they can beat Bosa's cost by $400 (in today's money). How large of a rebate is needed if money is valued at 10% effective