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A Public Utility owns and operates a Power Plant, intended to be online indefinitely, needs replacing the old Power Generator with a new one. The Utility cost of money availability from the money market is 8.3%, however a public auction of Bonds they recently held indicated that they could sell bonds for an interest of 3.5%. The Utility therefore decides to finance the entire cost of the new Power Generatorthrough the sale of Bonds with the following parameters: Total Face Value equal to the price of the new Power Generator Interest 3.5% Maturity at 15 years Coupons.every 6 months The Utility issues a Request For Proposal(RFP) to several qualified suppliers of Power Generators. Three suppliers submit their proposals with the following terms: Price Generator Useful Life (yrs) Proposal 1 200,000 30 Proposal 2 250,000 35 Proposal 3 300,000 40 All proposed Power Generators are guaranteed to perform at the level required. CS Scanned with CamScanner Further, the Utility estimates that each proposed Power Generator will incur yearly O&M costs as follows: O&M first year Gradient per year Generator of Proposal1 4,000 80 Generator of Proposal2 5,000 100 Generator of Proposal3 6,000 120 The Utility also estimates that at the end the useful life, the selected Power Generator can be sold as scrap for 7% of its originalprice. Use Annual Cash Flow Analysis technique to identify which Proposalshould the Municipality accept. cs Scanned with CamScanner A Public Utility owns and operates a Power Plant, intended to be online indefinitely, needs replacing the old Power Generator with a new one. The Utility cost of money availability from the money market is 8.3%, however a public auction of Bonds they recently held indicated that they could sell bonds for an interest of 3.5%. The Utility therefore decides to finance the entire cost of the new Power Generatorthrough the sale of Bonds with the following parameters: Total Face Value equal to the price of the new Power Generator Interest 3.5% Maturity at 15 years Coupons.every 6 months The Utility issues a Request For Proposal(RFP) to several qualified suppliers of Power Generators. Three suppliers submit their proposals with the following terms: Price Generator Useful Life (yrs) Proposal 1 200,000 30 Proposal 2 250,000 35 Proposal 3 300,000 40 All proposed Power Generators are guaranteed to perform at the level required. CS Scanned with CamScanner Further, the Utility estimates that each proposed Power Generator will incur yearly O&M costs as follows: O&M first year Gradient per year Generator of Proposal1 4,000 80 Generator of Proposal2 5,000 100 Generator of Proposal3 6,000 120 The Utility also estimates that at the end the useful life, the selected Power Generator can be sold as scrap for 7% of its originalprice. Use Annual Cash Flow Analysis technique to identify which Proposalshould the Municipality accept. cs Scanned with CamScanner