AAA, an equipment costing $150,000 has a useful life of eight years, after which time its estimated resale value will be $25,000. Annual costs will be $5,000 for the first three years and then $8,000 for each of the next five years. Another equipment, BBB costing $100,000 with a useful life of 6 years. It has no resale value. Annual costs will be $7,000 for each of the year. Using a discount rate of 10%, compute the annual equivalent cost for each equipment. Which equipment will be your choice and why?