You and your partner have become very interested in cross-country motorcycle racing and wish to purchase entry-level equipment. You have identified two alternative sets of equipment and gear. Package K has a first cost of $220,000, an operating cost of $10,000 per quarter, and a salvage value of $50,000 after its 2 -year life. Package L has a first cost of $280,000 with a lower operating cost of $3,200 per quarter and an estimated $22,000 salvage value after its 4-year life. Which package offers the lower present worth analysis at an interest rate of 20% per year, compounded quarterly? The present worth of package K is $ and that of package L is $ offers the lower present worth