Apricot Computers is considering replacing its materiat handling system and either purchasing or leasing a newsystem. The old system has an annual operating and maintenance cost of $34,000,a remaining life of B years, and an estimated salvage value of $4,100 at that time. A new system can be purchased for $264,000; it will be worth $25,000 in 8 yeafs; and it will have annual operating and maintenance costs of $18,000 year. If the new system is purchased, the old system can be traded in for $21,000. Leasing a new system will cost $25,000/year, payable at the beginning of the year, plus operatingcosts of $11,000/ year, payable at the end of the year. If the new system is leased, theold system will be sold for 38,300 . MARR is 16%. Compare the annual wor ths of kepirg the old systern buying a new system, and leasing a new system based upon a planning horizon of 8 years. Clickhere to access the TVM Factor Table Calculator For calculation jurposes, use 5 decimal places as displayd in the factor fable provided. Round answer to 2 decimal places, ea 52.75. The absolute cell folerance is \pm 1 Parta What is the EUAC of the best option using the cash flow approach