Two manufacturers supply systems for medical imaging. Hospital Raja Perempuan Bainun (HRPB) in Ipoh wishes to replace its current 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 RM1,600,000, an operating cost of RM70,000 per year, and a salvage value of RM400,000 after its 4-year life. System L will have a first cost of RM2,100,000 and an annual operating cost of RM50,000. The salvage value is expected to be 10% of its first cost after its 8-year life. Using life cycle cost analysis and interest rate at 10%, evaluate and propose the system that should be purchased by the hospital