A project engineer has been assigned to start-up a new office in a city where a 6-year contract has been finalised. Two rental sites for the new office are available at locations A and B with details as follows: Location A Location B Start-up cost -$15,000 -$18,000 Annual rental cost -$3,500 -$3,100 Deposit $1,000 $2,000 (Deposit will be returned at end of the applicable rental period) Rental period 6 years 9 years The MARR is 15% per year. (a) Employ Net Present Value analysis to determine which one of the above locations should be selected. State the reason for your selection. (15 marks) (b) The project engineer now intends to analyse both locations A and B over a 5- year period. The deposits will be returned at the end of 5 years for both locations. Identify the location to be selected for the above scenario. (10 marks)