Required information The TechEdge Corporation offers two forms of 4-year service contracts on its closed-loop water purification system used in the manufacture of semiconductor packages for microwave and high-speed digital devices. The Professional Plan has an initial fee of $52,500 with annual fees starting at $1,000 in contract year 1 and increasing by $500 each year. Alternatively, the Executive Plan costs $62,000 upfront with annual fees starting at $1,000 in contract year 1 and decreasing by $500 each year. The initial charge is considered a setup cost for which there is no salvage value expected. valuate the plans at a MARR of 9% per year. Solve using factors. he present worth of the Professional Plan is $ , and the present worth of the Executive Plan is $ he plan selected based on the present worth analysis is the Plan