Mark Harris is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Mark uses a 12% discount rate. Option 2 Option 1 $71,100 $82,630 $28,100 $30,250 Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 $4,890 $6,050 Click here to view the factor table. (a) Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, e.g. 1.2514 and the final answers to 0 decimal places, e.g. 59,991.) Option 1 Option 2 $ $ $ Net present value eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer ( (b) Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, e.g. 15.25.) Option 1 Option 2 Profitability Index eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) Which option should Mark choose? Mark should choose eTextbook and Media Save for Later Attempts: 0 of 3 used Submit