Compute the Equivalent Annual Worth of this alternative. The annual interest rate is $8\%$ compounded quarterly. The life of this alternative is $5$ years.

First cost: $$93,000$

Quaterly cost: $$7,000$

Quaterly income: $$19,000$

Salvage value: $$11,000$

a$.$ EAW$=-$$$13\mathrm{.}636$

b$.$ EAW$=$$$6,762$

c$.$ EAW$=$$$5\mathrm{.}737$

d$.$ EAW$=$$$6\mathrm{.}158$