You and your partner have become very interested in crosscountry motorcycle racing and wish to purchase entrylevel equipment. You have identied 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 2year life. Package L has a rst cost of $270,000 with a lower operating cost of $2,600 per quarter and an estimated $15,000 salvage value after its 4year 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 $ . (Click to select} v offers the lower present worth