Dark Skies Observatory is considering several options to purchase a new deep-space telescope. Two possible telescopes have been identified in addition to the possibility of not buying a telescope if none are financially attractive. The table below details the characteristics of each telescope. MARR is 10%/year. Alternatives First Cost Annual Net Benefits Salvage Value Lifetime T1 $600K $270K $70K T2 $800K $330K $130K 10 years 10 years 1. Determine the preferred telescope using the (incremental) ERR method. 2. Suppose that the company has a $1,000,000 budget for the purchase of a new scope. Assuming that the remaining money, if any, will earn a return equal to the MARR, apply portfolio analysis and determine the preferred telescope (notice that the do-nothing alternative is also feasible). Dark Skies Observatory is considering several options to purchase a new deep-space telescope. Two possible telescopes have been identified in addition to the possibility of not buying a telescope if none are financially attractive. The table below details the characteristics of each telescope. MARR is 10%/year. Alternatives First Cost Annual Net Benefits Salvage Value Lifetime T1 $600K $270K $70K T2 $800K $330K $130K 10 years 10 years 1. Determine the preferred telescope using the (incremental) ERR method. 2. Suppose that the company has a $1,000,000 budget for the purchase of a new scope. Assuming that the remaining money, if any, will earn a return equal to the MARR, apply portfolio analysis and determine the preferred telescope (notice that the do-nothing alternative is also feasible)