Problem 6-3 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 12,400 square yards Ric install. This surface will have of cente se vard for each voar evcent the last vear of its service The roplacoment surface will he similar to the initial surfs maintenance cost on this surface is estimated at 25 Bid B: A surface that costs $9.75 per square yard to install. This surface has a probable useful life of 10 years and will require annual maintenance estimated cost of 10 cents per square yard. each year except the last year, at an Click here to view factor tables Compute present value of the bids. You may assume that the cost of capital is 10 %, that the annual maintenance expenditures are incurred at the end of each year, and that prices are not expected to change during the next 10 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value outflows for Bid A outflows for Bid B Present value Which bid should be accepted by Wal-Mart. Wal-Mart should accept LINK TO TEXT LINK TO TEXT