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. Capital Investment Annual maintenance Life of roadway Asphalt $700,000 $2,000 11 years Concrete $1,000,000 $1,500 20 years If the county's MARR for this type of project is 6% 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 6% per year. The equivalent uniform annual cost for the asphalt option is $ (Round to the nearest dollar) The equivalent uniform annual cost for the concrete option is $(Round to the nearest dollar) Select the option