A company is considering buying a new milling machine press to produce 200,000 widgets per year for the international market. There are two choices of suppliers, MX and MKJ. Their proposals are as follows: MX 4 years Expected Life First Cost Maintenance (Yearly) Labor Costs (Yearly) Salvage Value $ 200,000 $ 10,000 $ 2.00/unit $ 5,000 MKJ 8 years $ 350,000 $ 20,000 $1.50/unit $ 20,000 (a) For a MARR of 15%, what is the present worth of the preferred alternative? Use the present worth method (estimate PW of two alternatives). (b) For a MARR of 15%, what is the annual worth of the preferred alternative? Use the annual worth method (estimate AW of two alternatives)