McClain, Edwards, Shiver, and Smith (MESS) LLC is considering the purchase of new automated cleaning equipment. The industrial engineer for the company has been asked to calculate the present worth of the two best alternatives based on the following data. Mess Away Quick Clean First Cost 65,000 78,000 Annual Savings 22,000 24,000 Annual Operating Costs 4,000 2,750 Scheduled Maintenance (one time only) 1,500 end of year 33,000 end of year 3 Salvage Value 12% of first cost 12% of first cost Useful life 5 years 5 years Using the Present Worth Analysis, determine which equipment should be purchased, given an interest rate of 8%