(a) Consider the data given below for two alternative investments -Thing-2 and Thing-2. Compare these mutually exclusive alternatives on an after-tax basis and offer a recommendation. Use the Future Worth Method to make this comparison. Use an after-tax MARR of 25%, and a tax rate of 50%. Thing-1 Thing-2 1" Cost (Investment cost) $50,000 $60,000 Annual Costs $8,000 $4.000 Annual Savings $20,000 $40,000 Useful Life 4 years 6 years MACRS Class Life 3-years 100% Bonus Salvage Value $10,000 $20,000 100% equity source Borrow 50% of 1: cost with 4-year loan. Annual loan interest is 8%. (b) Now assume that the study period is set at five years (co-termination assumption), and that the before-tax market value of Bigger One at that time (end of year five) is $2,500,000 Again, compare the alternatives on an after-tax basis and offer a recommendation