Question 9 pls

4 .mework 2 C Option #1-Purchase a new compactor for $30,000. The new compactor is expected to last six years and have a salvage value of $5,000. Option #2-Lease a new compactor for $6,000 per year, payable at the beginning of each year. This option has an indefinite lifespan. Option #3-Purchase a used compactor for $16,800. The used compactor is expected to last three years with no salvage value if the annual interest rate is 5%; 8, what is the annual cost of option #1? a. b, what is the annual cost of option #2? c, what is the annual cost of option #37 d. Which alternative should be selected? Use the same scenario as listed before Question #7, but with an interest rate of 10%; a. what is the annual cost of option #1? b, what is the annual cost of option #2? c, what is the annual cost of option #37 d. Which alternative should be selected? 9. 2 of 3