Midland Metalworking is examining a 750-tonne hydraulic press and a 600-tonne moulding press for purchase. Midland has enough in its budget for only one of them. If Midland's MARR is 15 percent and the relevant information is as given below, which press should it purchase? Use an annual worth comparison. Hydraulic Press Moulding Press Initial Cost $220,000 $200,000 Annual Savings $37,000 $25,000 Annual Maintenance Cost $2000, increasing by 20% each $800, increasing by $450 each year thereafter year thereafter Life 20 years 7 years Salvage Value $19,250 $13,800 Click the icon to view the table of compound interest factors for discrete compounding periods when i = 15%. The annual worth for the hydraulic press is $ The annual worth of the moulding press is $ Midland should choose the (Round to the nearest cent as needed.)Compound Interest Factors for Discrete Compounding, Discrete Cash Flows (i=15%) Single Payment Uniform Series Series Arithmetic Compound Present Sinking Uniform Capital Present Gradient Amount Worth Fund Series Recovery Worth Series Factor Factor Factor Factor Factor Factor Factor (F/P,i,N) (P/F,i,N) (A/F,i,N) (F/A,i,N) (A/P,i,N) (P/A,i,N) (A/G,i,N) 1.1500 0.86957 1.0000 1.00000 1.1500 0.86957 0.00000 1.3225 0.75614 0.46512 2.1500 0.61512 1.6257 0.46512 1.5209 0.65752 0.28798 3.4725 0.43798 2.2832 0.90713 1.7490 0.57175 0.20027 4.9934 0.35027 2.8550 1.3263 DO NO UA ON- Z 2.0114 0.49718 0.14832 6.7424 0.29832 3.3522 1.7228 2.3131 0.43233 0.11424 8.7537 0.26424 3.7845 2.0972 2.6600 0.37594 0.09036 11.067 0.24036 4.1604 2.4498 3.0590 0.32690 0.07285 13.727 0.22285 4.4873 2.7813 3.5179 0.28426 0.05957 16.786 0.20957 4.7716 3.0922 10 4.0456 0.24718 0.04925 20.304 0. 19925 5.0188 3.3832 11 4.6524 0.21494 0.04107 24.349 0. 19107 5.2337 3.6549 12 5.3503 0. 18691 0.03448 29.002 0. 18448 5.4206 3.9082 13 6.1528 0. 16253 0.02911 34.352 0. 17911 5.5831 4.1438 14 7.0757 0.14133 0.02469 40.505 0.17469 5.7245 4.3624 15 8.1371 0.12289 0.02102 47.580 0.17102 5.8474 4.5650 16 9.3576 0.10686 0.01795 55.717 0. 16795 5.9542 4.7522 17 10.761 0.09293 0.01537 65.075 0. 16537 6.0472 4.9251 18 12.375 0.08081 0.01319 75.836 0. 16319 6.1280 5.0843 19 14.232 0.07027 0.01134 88.212 0. 16134 6.1982 5.2307