Hinson's Homegrown Farms needs a new irrigation system. System one will cost $148,000, have annual maintenance costs of $13,000, and need an overhaul at the end of year six costing $29,000. System two will have first-year maintenance costs of $5000 with increases of $500 each year thereafter. System two would not require an overhaul. Both systems will have no salvage value after 12 years. Contributed by Ed Wheeler, University of Tennessee at Martin if Hinson's cost of capital is 4%, using annual worth analysis determine the maximum Hinson's should be willing to pay for system two