A corporation is considering spending $3 million for a new stamping machine that will save $550,000 per year (repairs, down time, etc.) over its 10- year life. At the end of 10 years, the machine could be sold for $1.5 million (Option A). A second option (B) is to spend $2 million on an overhaul of the existing machine. This would extend its life 10 more years and save $350,000 per year. The value at the end of Year 10 would be $750,000. Using benefit-cost ratio analysis, identify the best choice. Explain your reasoning. The MARR is 11%. What is the B/C ratio for the first option? [ Select ] + What is the B/C ratio for B for the second option? [ Select ] Based on what B/C do you decide which option is better? [Select] What option is economically better for the corporation? (Select ] 1.31 0.871 1.19 0.828 1.60 0.891 not listed