Long term $35,000 There are two mutually exclusive projects, where the basic information is provided below. Assume a DN alternative does not exist. MARR is 6% per year compounded quarterly. Which project do you choose and why? Initial Cost Short Term (Lease) $20,000 Major overhaul (every ten $12,000 Not existent years) Annual Operating cost $2,000 $1,500 Useful Life Infinity 4 Salvage value $1,500 $2,500 (deposit return)