Perform a present worth (PW)-based evaluation of the two alternatives below using a spreadsheet. The after-tax minimum acceptable rate of return (MARR) is 8% per year, Modified Accelerated Cost Recovery System (MACRS) depreciation applies, and T_e = 40%. The (GI - OE) estimate is made for the first 3 years; it is zero in year 4 when each asset is sold.

Alternative	X	Y
First Cost, $	8,000	13,000
Salvage Value, Year 4, $	0	2,000
GI-OE, $ per Year	3,500	5,000
Recovery Period, Years	3	3

The PW for alternative X is determined to be____ $ .

The PW for alternative Y is determined to be____ $ .

Alternative (Click to select)XY is selected.