Question 3 Panda Inc. is interested in acquiring robots for its customer services division (after conducting a cost- benefit analysis, the company thought robots are more efficient than humans). Panda has to choose between two models - "Robocop" and "Macron". Robocop Macron Unit Price $400,000 $300,000 Operation and Maintenance Costs Per Unit $7,500 $5,500 Insurance and Warranty Costs $20,000 $17,000 Life cycle 11 years 9 years Salvage Value Per Unit 0 $60,000 Assume the following: The customer service department requires 10 units of "Robocop" or 12 units of "Macron". Operation and maintenance costs are paid at the end of each year. Insurance and warranty are paid annually, up front (at the beginning of the year), regardless to the number of units acquired. The annual discount rate is 10%. At the end of the robots' life cycle, Panda has to replace them with new robots with the same characteristic as the original one (i.e., if Robocop is chosen then it has to be replaced by another Robocop due to the irreversible initial setup). Ignore taxes and inflation in this question. As the CEO of the company, which model would you prefer