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MTALS UF FINANCE 2 [2020-21] A garage is comparing the cost of buying two different car hoists. Hoist A will cost $20,000, will require servicing of $1,000 every year, and last ten years. Hoist B will cost $15,000, require servicing of $800 per year, and last eight years. If the cost of capital is 7%, which is the better option given that the firm has an ongoing requirement for a hoist? 7 9- # 1 BIU X G