The AW values for retaining a presently owned machtne for additional years are shown in the table. Note that the values represent the AW amount for each of the n years that the asset is kept, l.e, If it is kept 5 more years, the annual worth is $95,000 for each of the 5 years. Assume that future costs remain as estimated for the replacement study and that used machines ilke the one presently owned will always be avallable. (a) What is the ESL and associated AW of the defender at a MARR of 12% per year? (b) A challenger with an ESL of 7 years and an AWC=$88,000 per year has been identified. Which AW will be less for the respecive ESL periods? a) The ESL of the defender is year(s) with the lowest AW of 5 b) The has the lower AW at 5 fer n equal to