and costs $85.000 pre tax armually to operate. It will not have to be replaced for twenty years. An aboveground system will cost \$6.700000 to install but costs 5190,000 pre-tix per year to operate. The aboveground equipment has an effective operating life of nine years. The land for the golt course is leased from the provinchal govemmetit and therefore either system will have no salvage vialue. lignore the PV of CCA for thics calculation. Required: Which method should be selected if the club wishes to use a 13% discount rate? Note, the tax rate is 33%. Hint: compute the eqtivalent annual cost (FAC) and conyare costs. Round your EAC answers to 2 decimal places. Show your colculator keystrokes and solution for computing the underground and aboveground NPV. Show your calculator keystrokes and solution for computing the underground and aboveground annual PMT. Finish answer by picking the oboveground or below ground system based on your findings. (16 marks)