steps with rule we use please

od 2. Two manufacturers supply MRI systems for medical imaging. St. Jude's Hospital wishes to replace its current MRI equipment that was purchased 8 years ago with the newer technology and clarity of a state of- the-art system. System K will have a first cost of $1,600,000, an operating cost of $70,000 per year, and a salvage value of $400,000 after its 4-year life. System L will have a first cost of $2,100,000, an operating cost of $50,000 the first year with an expected increase of $3000 per year thereafter, and no salvage value after its 8-year life. Which system should its 8-year life. Which system should be selected on the basis of a future worth analysis at an interest rate of 12% per year? t157 -70 too + 26 315 ,79--124 y89.2i 1 -"Zo ooo 5