PARC Co., has asked you to recommend a new nutcracker machine. After months of hard re- search, you have collected the following data: Data KRAX SPLIT-NUT Life, Years 10 15 First Cost (FC) $202,000.00 $285,000.00 Benefit, Yearly (AB) 73,000.00 88,000.00 Gradient (ABG) 1,200.00 1,300.00 M&O Gradient (M&OG). 600.00 1,100.00 M&O Cost (M&O) 18,000.00 34,000.00 Salvage Value 42,000.00 48,000.00 Discussions with the accounting department reveal that a loan must be secured to purchase any machine. The loan data is as follows: Data KRAX SPLIT-NUT Down Payment (% of FC) 30% 30% Loan Period, Years 10 15 Loan Payment $25,025.56 $29,291.44 The loan payments will be made annually. The lender will charge 12% interest with annual compounding. Calculate the Net Present Worth of each machine and recommend which machine to purchase. Use a MARR of 15%. What is pay period for each project? Explain