Problem 2: (18 Points) You are hired as a consultant for an oil company that is planning to redo an existing pipeline. The company would like you to compare 2 alternatives. The rst is to renovate the existing line and the second is to put in a new line. An interest rate of 7% compounded quarterly is assumed and the maintenance and pumping costs are considered to be pald at the end of the period in which their cost occurred. 21) Compare the alternatives using Equivalent Annual Worth Analysis (EUAVV). recommend to the oil company and Why? b) Which alternative would you