The City of Decatur administration is considering refurbishing the lighting system

The City of Decatur administration is considering refurbishing the lighting system of its administration building. After an initial investigation, the city procurement office narrowed down the choices to the following two options: • Option 1- is an Urgolight system that costs $500,000 to purchase and install • Option 2- is a conventional system that costs $100,000 to purchase and install 1. Both systems are expected to last for 20 years 2. The energy cost for option 1 is $20,000 and maintenance is $2,000 3. The energy cost for Option 2 is $50,000 and maintenance is $10,000 4. Assume a discount rate of 4%, and all future cost are paid at year end WHICH lighting system should the city select based on financial life cycle costing? Additional Requirements Min Pages: 1 Level of Detail: Show all work Other Requirements: This is still with the questions you already answered