Honeywell, a mask manufacturer, needs to purchase some automated equipment. Two equipment makers, Aico and Benco offer to sell them the equipment. Aico sells the equipment for $500,000 and must be paid immediately. At the end of 5 years, Aico will buy back the used equipment for $60,000. Benco will sell the equipment for $500,000 and allows Honeywell to make the $500,000 payment six months from today. Benco will buy back the used equipment at the end of 5 years for $50,000. Calculate the cost to buy the equipment from each maker, in today's money, if money is valued at 10% compounded semi-annually. Aico: Benco: Page 9 of 9 Next Page Previous Page PWXGA - Ps s SVO DOG