Current Attempt in Progress Assume that Waimart inc, has decided to surface and maintain for 10 years a vacant lot noxt to one of its stores to serve as a parking iot for customers. Management is considering the following bids imvolving two different qualities of surfacing for a parking area of 11,500 square yards. Bid A: A surfact that costs 55.75 per square yard to install. This surface will have to be replaced at the enc. 5 years. The annual mairtenance cost on this surface is estimated at 25 cents per square yard for esch year except the last year of its service. The replacement surface will be similar to the initial surface. Bid E: A surface that costs $10,50 per square yard to install. This surface has a probable useful life of 10 years and will require annual maintanance in each year except the last year, at an estimated cost of 11 cents per square yard clickhere to view factor tables Compute present value of the bids. You may assume that the cost of capital is 11%, that the annual maintenance expenditures are Compute present value of the bids. You may assume that the cost of capital is 11%, that the annual maintenance expenditures are phaceses. 1.2124 and final antwer to 0 decimal ploces, eg. 458,581 .) Present value of outriows for Bid A Present value of outflows for Bid B Which bid should be accepted by Walmart. Walmart should accept