Midland Metalworking is examining a 760-tonne hydraulic press and a 600-tonne moulding press for prchase Midiand has enough in its budget for only one of them. I Midland's MARR is 12 percent and the...

Extracted text: Midland Metalworking is examining a 760-tonne hydraulic press and a 600-tonne moulding press for prchase Midiand has enough in its budget for only one of them. I Midland's MARR is 12 percent and the relevant information is as given below, which press should it purchase? Use an annualearh comparison Hydraulic Press $290,000 $30,000 $3000, increasing by 20% each $1400, increasing by $350 each year thereafter 20 years $17,750 Initial Cost Annual Savings Annual Maintenance Cost Moulding Press $210,000 $22,000 Life Salvage Value year thereafter 7 years $15,800 moulding press Click the icon to view the table of compound interest factors for discrete compounding penods when i= 12% hydraulic press The annual worth for the hydraulic press is S The annual worth of the moulding pross is S Midland should choose the (Round to the nearest cent as needed)