A one-mile section of a roadway in Florida has been washed out by heavy rainfall. The county is considering two options for rebuilding the road. Pertinent data are presented below. Concrete $1,100,000 $1,000 Asphalt Capital Investment $900,000 Annual maintenance $2,000 Life of roadway If the county's MARR for this type of project is 9% per year, which replacement option should be chosen? Assume repeatability. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 9% per year. 12 years 16 years The equivalent uniform annual cost for the asphalt option is $1(Round to the nearest dollar.) The equivalent uniform annual cost for the concrete option is $(Round to the nearest dollar.) Select the option