Elon Musk's The Boring Company wants to invest in al subway to be constructed in Metro Manila to decongest the heavy traffic in the capital through the Public-Private Partnership program of the government. His Tunneling Engineers proposed 2 options namely, the Maglev train and the Bullet train. During operation, they will perform equally well in terms of speed, however they are mutually exclusive alternative. If the Minimum Attractive Rate of Return is 10%, using Present Worth Analysis and coterminated assumption with analysis period of 12 years, what train should be chosen? Capital Investment Annual revenues Annual increase Annual costs Useful life Market Value Maglev train $46,100,000 $10,800,000 $100,000 $2,500,000 8 $2,200,000 Bullet train $75,000,000 $14,500,000 $115,000 $1,000,000 12 $5,300,000