Leonard, a company that manufactures explosion-proof motors, is considering two alternatives for expanding its international export capacity. Option 1 requires equipment purchases of $840000 now and $540000 two years from now, with annual M\&O costs of $68000 in years 1 through 10 . Option 2 involves subcontracting some of the production at costs of $235000 per year beginning now through the end of year 10. Neither option will have a significant salvage value. Use a present worth analysis to determine which option is more attractive at the company's MARR of 16.00% per year. (Include a minus sign if necessary.) The present worth of option 1 is \$ and that of option 2 is \$ Option is more attractive. Leonard, a company that manufactures explosion-proof motors, is considering two alternatives for expanding its international export capacity. Option 1 requires equipment purchases of $840000 now and $540000 two years from now, with annual M\&O costs of $68000 in years 1 through 10 . Option 2 involves subcontracting some of the production at costs of $235000 per year beginning now through the end of year 10. Neither option will have a significant salvage value. Use a present worth analysis to determine which option is more attractive at the company's MARR of 16.00% per year. (Include a minus sign if necessary.) The present worth of option 1 is \$ and that of option 2 is \$ Option is more attractive