Question 8 (20 points) An engineer calculated the AW values shown for retaining a presently owned machine additional years. A challenger has an ESL of 7 years with AW-$-26,000 per year. Assuming all future costs remain the same, when should the company replace the defender? The MARR is 12% per year. Assume used machines like the one presently owned will always be available AW of the AW of Defender, $ Challenger -145,000 136,000 -96,000 -63,000 -39,000 -49,000 Years -126,000 -92,000 53,000 -38,000 4 a) Now b) after year 1 O c) after year 4 O d) after year 5