Solar and conventional power alternatives are available to provide energy for monitoring equipment at a remote irrigation canal site. The estimates associated with each alternative have been developed. Use the B/C method to select one at an interest rate of 7% per year over a 5-year study period. One of the alternatives must be selected.

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Solar 1,300,000 9,000 Conventional Alternative Initial cost, $ Annual power cost, $/year Salvage value, $ 200,000 80,000 150,000