A Car Wash owner has the following options OPTION 1 - Overhaul the Equipment An overhaul will cost $10,000 and the equipment is expected to experience operating costs of $3000 paid at the end of each year over the next 10 years. Maintenance costs are expected to be $1000 at the end of year 1 and will increase by $600 each year thereafter. If overhauled, the equipment will have no salvage value after 10 years and therefore, do not include maintenance cost for the last year since the equipment will be scrapped. OPTION 2 - Replace the Equipment New equipment will cost $25,000 and is expected to have operating expenses of $1000 paid at the end of each year over the next 10 years. Maintenance charges are expected to be $500 at the end of year 1 and will increase by $100 each year thereafter. This equipment can be resold after 10 years of use for $5000 and since it is being resold include maintenance for the last year. For both options, earnings are $10,000 per year and interest rate is 0%. What is the future value for Option 1