Consider an asset which has no initial cost but for which there is an expenditure of $10,400 at the end of the first year. The net cost at the end of year 2 is $20,000. With an interest rate of 4%, what is a levelized cost payment payable at the end of years 1 and 2 , which has the same present value as the actual cost stream at the end of period 0. The annuity factor with an interest rate of 4% and two payments is given by (i1(1+i)71)=(.041(1.0)21)=1.886. 1 point Consider an asset that you purchasfor $160,156. Its nominal resale value after 2 years of ownership is $47,455. At that time you plan to sell it and invest the proceeds elsewhere. What is the net present cost to you of holding this asset if the nominal discount rate is 8%