SkyHi Corp. is choosing between the following alternative equipment packages. Which one should they choose? The equipment is expected to be replaced at the end of its useful life. Package Initial cost Annual operating cost Life (years) PV EAC 1 $1,000 $450 5 $2,706 $713.80 2 $1,500 $350 6 $3,024 $694.41 $2,000 $250 7 $660.81 4 $2,500 $150 8 $3,300 $618.61 $3,000 $100 9 $3,576 $620.92 $3,217 O package 1 O package 3 package 2 0 o package 4 o package 5