Springfield Ironworks (SI) recently had their furnace break down and they need to quickly purchase a new one to minimize the disruption in their production. They can either choose a high quality furnace (H) that costs $125,000 with $6,000 of annual maintenance costs for the 6-year life of the furnace, or a low quality furnace (L) that costs $65,000 with $9,000 in annual maintenance costs for the 3-year life of the furnace. Which furnace should SI choose? What is the annualized cost of their choice? Assume a discount rate of 8.0%, and ignore all taxes.