You have been asked to evaluate two alternatives, X and Y that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year? Why is yours the correct choice? $-40,000 Y $ 60,000 Alternative First Cost Maintenance cost, per Year Salvage Value Life $-12000 $1,500 5 years $ 2000 $2.500 5 years The present worth of alternative X is $ and that of alternative Y is $ Alternative Y is selected by the company