Question 2 (15 marks) Laucala Bay Buses is planning to replace it's exiting fleet with a new fleet. The owner is confused as to which type of bus to purchase. He has narrowed down the search to three options. Option A is a regular (non-hybrid) Nissan Diesel Bus costing $116953. With it's new type of efficient diesel engines, the expected savings is estimated to be $45125 per annum. The useful life of these Nissan Buses are 9 years. Option B is a Telsa Electric Bus with a price tag of $252625. The Fijian Government as part of it's fight against Climate Change is giving a grant of $22284 upon purchase. The Electric bus has an associated cost savings of $194253 in the 1st year, then $177210 in the 2nd year and a continuous reduction in savings on $17043 per annum until the 7th year. This is due to the aging of the Batteries. Option C is a Japanese second-hand Hino Diesel bus with a price tag of $79914. The expected savings is estimated to be $26450 per annum. The useful life of the 2nd hand Hino bus is 8 years. The firm has a MARR of 9.5% a.) Convert the Initial Investment of Option A to an Annual Cost. What is this annual cost? (1 mark) b.) Calculate the Annual Worth of Option A (2 marks) c.) Convert the Initial Investment of Option B to an Annual Cost. What is this annual cost? (2 marks) d.) Calculate the Annual Worth of Option B (5 marks) e.) Convert the Initial Investment of Option C to an Annual Cost. What is this annual cost? (2 marks) f.) Calculate the Annual Worth of ption C (2 marks) 8.) Which Option should be chosen based on the Annual Worth Method? (1 mark)