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city is considering the development of a recreational complex. Two plans are under consideration Plan | Plan 11 $100,000 $100,000 Land development (life permanent) Buildings (life permanent) $125,000 $175,000 Recreational Facilities (life Permanent) $100,000 $100,000 Annual maintenance $12,000 $4,000 Under plan I, building will have to be refurbished at a cost of $60,000 every 15 years and facilities have to be refurbished at a cost of $100,000 every 10 years. Under plan II, building will be refurbished every 25 years and facilities every 10 years at a cost equal to original cost of construction. Considering "infinite life", which alternative should be selected based on a) Equivalent annual cost analysis interest =10 %) b) Present worth analysis (interest = 10%) city is considering the development of a recreational complex. Two plans are under consideration Plan | Plan 11 $100,000 $100,000 Land development (life permanent) Buildings (life permanent) $125,000 $175,000 Recreational Facilities (life Permanent) $100,000 $100,000 Annual maintenance $12,000 $4,000 Under plan I, building will have to be refurbished at a cost of $60,000 every 15 years and facilities have to be refurbished at a cost of $100,000 every 10 years. Under plan II, building will be refurbished every 25 years and facilities every 10 years at a cost equal to original cost of construction. Considering "infinite life", which alternative should be selected based on a) Equivalent annual cost analysis interest =10 %) b) Present worth analysis (interest = 10%)