Please solve using excel formulas.

Problem 4-10 points Company C is seeking for help to decide this option to choose to upgrade their current bottleneck equipment or they should stay with the current equipment (without improvement) There are five options. The cost details are shown in the table below. All the options will have four-year life time with no salvage value. Option Initial Cost Annual Operation Cost Current 0 30000 A 31000 16000 B 29000 19300 C 34500 15200 D 49000 12000 E 41000 14500 Make your recommendation based on MARR = 6% per year compounded monthly