Shira Ltd has to purchase some new equipment. Two manufacturers have provided the following information: Equipment X Equipment Y Initial costs $90,000 $120,000 Estimated life 5 years 5 years Annual savings $30,000 $ 32,000 Determine the present value of annual savings for each piece of equipment assuming a 12% Discount Rate is utilized. O Equipment X = $108,105, Equipment Y = $115,360 Equipment X = $108,105, Equipment Y = $114,880 . Equipment X = $108,310, Equipment Y = $115,360 O Equipment X: Cannot be determined, Equipment Y: Cannot be determined