A textile manufacturer is upgrading an existing weaving loom and is comparing two different systems for adoption to manufacture its unique tapestry fabrics. The first loom costs $38,000 initially, 52.000 in annual maintenance costs and will last in the plant for 8 years. The second loom cost $25,000 $2.500 in annual maintenance costs and will last in the plant for 6 years. The discount rate for both projects is 11%. What is the NPV of Loom 17 Question 6 1 pts What is the EAC of Loom 1. from the previous problem? Question 7 What is the NPV of Loom 2. from the previous problem? Question 8 1 pts What is the EAC of Loom 2. from the previous problem? Question 9 1 pts Which loom should the textile manufacturer adopt? It should adopt Loom 1 since the annual cost is lower. It should adopt Loom 1 since the annual benefit is higher It should adopt Loom 2 since the annual cost is lower It should adopt Loom 2 since the annual benefit is higher