Your old washing machine that was given to you by your mother when you first came to NMSU has stopped working and cannot be repaired. Therefore, you have decided that you need to purchase a new washing machine. You have narrowed your options down to two models, a basic model with no bells and whistles and a top of the line model that cost more but is more energy efficient. You determine that both models have a useful life of 10 years and that you want to use present worth analysis to determine which machine is the best alternative. Furthermore, you currently have an investment that earns 0.50% compounded annually and have decided that is an appropriate rate to use for your analysis. Using present worth analysis which washing machine should you purchase? Explain your answer. (10 pts) had no i ono niam id au cobitoare com bola dretaupu od at gold en blad to wobec Top of the (on).wmoy ni Basic the Line will vary bitone way or antiv Model Model Initial cost $ 600 $ 1,300 Delivery $ 50 $ 50 Annual service contract (5 years) $ 25 $ 25 Annual energy costs $ 150 $ 60 Salvage value (10 years) $ 150 $ 250