DO NOT USE EXCEL USE FORMULAS PLEASE 3-An international textile company's North America Division must decide which type of fabric cutting machines it will use straight knife or round knife. The estimates are summarized below. Compare them on the basis of annual worth values at i= 10% per year using factors, Round Knife Straight Knife -250,000 -31,000 First cost, $ AOC, $/year Overhaul in year 2, $ Salvage value, $ Life, years -170,000 -35,000 -26,000 40,000 10,000 6 4