As a Project Engineer, you have been tasked to make an analysis and to recommend to your company on the economic justification on the option to purchase a used $250$MT mobile crane. The decision is in between Brand X or Brand Y $250$ MT mobile crane to be used for the companys project construction activities as well as providing some rental business for three years. As the crane is not used for the whole time, it is to be rented out for $10$ days a month. The Brand X is the newer crane $(5-$year$-$old compared to $10-$year$-$old$)$ which has better fuel efficiency and lower maintenance cost. Based on your data gathering, you have this information derived for the analysis.No$.$DescriptionUnitBrand XBrand Y$1250$ MT mobile crane specificationunit$5$ yearswarrantyNo warranty$2$Cost of the craneUnitRM $2,000,000$RM $1,200,0003$Saving on the crane rental from $3$rdparty if no purchase is madeMonthlyRM $80,000$RM $80,0004$Estimated income from rentalDailyRM $5,000$RM $5,0005$Estimated maintenance cost plus inspection by Puspakom and Dept of Occupational Safety and Health$($DOSH$)$Per $6$ monthsRM $3,000$RM $8,0006$Estimated Operator and fuel costMonthlyRM $15,000$RM $20,0007$Disposal value at end of the projectconstruction, $3$ yearsUnitRM $1,200,000$RM $600,000$a$)$Based on Return of Investment $($ROI$)$ evaluation, which unit will you recommend to your management to be purchased and why? $($CO$3,$ PO$11,$ C$3)[5$ marks$]$ b$)$From Life Cycle Cost $($LCC$)$ Analysis, would you Brand X or Brand Y crane? What is your recommendation and why? $($CO$3,$ PO$11,$ C$3)[5$ marks$]$c$)$Based on the Minimum Acceptable Rate of Return $($MARR$),$ if the company hurdle rate is $20\%,$ would you choose Brand X or Brand Y and why? include the cashflow diagram $($CO$3,$ PO$11,$ C$3)$