The Crockett Land Winery must replace its present grape-pressing equipment. The two alternatives are the Quik-Swish and the Stomp-Master. The annual operating costs increase by 12% each year as the machines age. In the interest rate is 9%, which press should be chosen? Quik Stomp First Cost $350,000 $500,000 Operating Costs 28,000 22,500 Salvage Value 35,000 50,000 Benefits 70,000 85,000 Useful life, in years 10 IRR