The County Fire Department is considering two options (A and B) for upgrading its aging physical facility. Assume an interest rate of 6% per year and a 50-year time period. Plan A: Involves remodeling the existing fire station by spending $2,252,000 now. In addition, the cost for personnel and equipment will be $126,000 per year. Plan B: Calls for buying 5 acres of land for building a new fire station. The cost of land in that area is estimated to be $366,000 per acre. The size of the new fire station would be 9,000 square feet with a construction cost of $151.18 per square foot. Contractor fees are expected to be $421,500 (Assume all of the costs for plan B occur at time 0). In addition, the sale of the old site is anticipated to net a positive $500,000 five years in the future from today