Ayayai Excavating Inc. is purchasing a bulldozer. The equipment has a price of $90,500. The manufacturer has offered a payment plan that would allow Ayayai to make 5 equal annual payments of $26,997.52, with the first payment due one year after the purchase.

(1) How much total interest will Ayayai pay on this payment plan?

(2) Ayayai could borrow $90,500 from its bank to finance the purchase at an annual rate of 14%. Should Ayayai borrow from the bank or use the manufacturers payment plan to pay for the equipment?