Your firm is considering two options to replace an aging compactor: Option #1 - Purchase a new compactor for $40,000. The new compactor is expected to last six years and has a salvage value of $4,000. Option #2 - Purchase a used compactor for $15,000. The used compactor is expected to last three years with no salvage value. You assume that you would be able to purchase another used compacted at the beginning of year 3 that would have an anticipated lifespan of 3 years and would cost $17,000 and would have no salvage value. (Hint: option 2 requires analyzing two pieces of equipment at different points in time.) The annual interest rate is 4.0% : a. What is the present worth cost of option #1? ( 2 points) b. What is the present worth cost of option #2? (2 points) c. Which alternative should be selected based on the lowest cost