An oil pipeline has been in service for 5 years. A mechanical engineer working for the oil company is evaluating whether to replace the pipeline with a new one. The data for the existing pipeline and the potential new pipeline are listed in the table. Using an interest rate of 6% and net present worth analysis and then equivalent uniform annual worth analysis, the mechanical engineer determine whether the existing pipeline should be replaced with the proposed new pipeline. Table: Data for Pipeline Alternatives (PLS DON'T USE EXCEL SHOW STEP BY STEP SOLUTION ICLUDING FORMULA THANKS) Cost Existing Pipeline Proposed Pipeline $300,000.00 Initial cost Salvage value @ time zero $1,000,000 increases each replacement every 10 years by $500,000 per I year. Yearly maintenance $100,000 per year increasing by $50,000 per year for 10yrs $100,000/xc increasing by $10,000/ Life in years 10 40