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 $110,000, an operating cost of $9,000 per quarter, and a salvage value of $40,000 after its 2-year life. Package L has a first cost of $200,000 with a lower operating cost of $2,800 per quarter and an estimated $16,000 salvage value after its 4-year life. Which package offers the lower present worth analysis at an interest rate of 16% per year, compounded quarterly The preserit worth of package Kiss and that of package Lis $ Click to select M offers the lower present worth