1. A chemical processing corporation is considering two methods to dispose of a non-hazardous chemical sludge: land application and fluidized-bed incineration. The estimates for each method are shown below. The first cost of the land application method increases by 10% every 6 -year renewal. The nominal rate is 8% per semi year compounded continuously. a) Which alternative should be selected if the PW method with LCM approach is used? b) Which alternative should be selected if the FW method with Study Period of 15 years is used? The salvage values increase by S1000 per year if the method is sold before its life (for example for method 1 , the salvage value is 29000 and 28000 if sold in years 4 and 5 , respectively)