$*$PLEASS ANSWER IN EXCEL$*$ Canada Duck sells a variety of winter coats to individual and retail stores. The company expects to retire all its manufacturing equipment in the new year. At that point, Canada Duck is considering three options: Option $1)$ It rents its manufacturing equipment at an annual cost of $$125,000$ per year. Maintenance of equipment costs $$8,500$ per year. The company pays rent and maintenance at the beginning of each year. Option $2)$ It rents state$-$of$-$the$-$art manufacturing equipment at an annual cost of $$200,000$ per year. The company will save $$22,000$ annually on manufacturing costs. Maintenance of equipment costs $$5,000$ per year. All costs and savings are incurred at year$-$end. Option $3)$ It purchases new equipment for $$1,500,000.$ The equipment is expected to have a life span of $10$ years with no salvage value at the end. Canada Duck uses the sum$-$of$-$years'$-$digits depreciation method. The equipment will require maintenance of $$1,500$ per year. The company will save $$46,000$ annually on manufacturing costs. Depreciation, maintenance, and manufacturing savings are incurred at year$-$end. Suppose the discount rate is $3\%,$ the company's tax rate is $24\%,$ which is a better option for Canada Duck? Canada Duck sells a variety of winter coats to individual and retail stores. The company expects to retire all its manufacturing equipment in the new year. At that point, Canada Duck is considering three options: Option $1)$ It rents its manufacturing equipment at an annual cost of $\backslash (\backslash$$ $125,000\backslash )$ per year. Maintenance of equipment costs $\backslash (\backslash$$ $8,500\backslash )$ per year. The company pays rent and maintenance bt the beginning of each year. Option $2)$ It rents state$-$of$-$the$-$art manufacturing equipment at an annual cost of $\backslash (\backslash$$ $200,000\backslash )$ per year. The company will save $\backslash (\backslash$$ $22,000\backslash )$ annually on manufacturing costs. Maintenance of equipment costs $\backslash (\backslash$$ $5,000\backslash )$ per year. All costs and savings are incurred at year$-$end. Option $3)$ It purchases new equipment for $\backslash (\backslash$$ $1,500,000\backslash ).$ The equipment is expected to have a life span of $10$ years with no salvage value at the end. Canada Duck uses the sum$-$of$-$years'$-$digits depreciation method. The equipment will require maintenance of $\backslash (\backslash$$ $1,500\backslash )$ per year. The company will save $\backslash (\backslash$$ $46,000\backslash )$ annually on manufacturing costs. Depreciation, maintenance, and manufacturing savings are incurred at year$-$end. Suppose the discount rate is $\backslash (3\backslash \%\backslash ),$ the company's tax rate is $\backslash (24\backslash \%\backslash ),$ which is a better option for Canada Duck?