Coronado Excavating Inc. is purchasing a bulldozer. The equipment has a price of $106,000. The manufacturer has offered a payment plan that would allow Coronado to make 10 equal annual payments of $18,760,32, with the first payment due one year after the purchase. (a) (b) Coronadocould borrow $ 106,000 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Coronado borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg.7%) % Manufacturer's rate