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 $200,000, an operating cost of $4,500 per quarter, and a salvage value of $30,000 after its 2-year life. Package L has a first cost of $270,000 with a lower operating cost of $2,600 per quarter and an estimated $15,000 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 present worth of package K is $______ and that of package L is $ _______