Headland Excavating Inc. is purchasing a bulldozer The equipment has a price of $96,700. The manufacturer has offered a payment plan that would allow Headland to make 8 equal annual payments of $18,790.86, with the first payment due one year after the purchase. How much total interest will Headland pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g 458,581.) Total interest s 53626.88 Headland could borrow $96,700 from its bank to finance the purchase at an annual rate of 10% Click here to view factor tables Should Headland borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round answer to 0 decimal places, e.g. 7%) Manufacturer's rate Borrow from the Bank