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Alectra Utilities has two options for upgrading a natural gas power station to meet new government standards. Option 1: Alectra Utilities will make the upgrades themselves. This is expected to cost $10,000 at the end of each month for 12 years. At the end of the operation (in 12 years) Alectra Utilities expects to sell all equipment needed for the upgrade for $104,000. Option 2 Pay experienced contractors. This will cost $50,000 up front and $12.300 monthly for 12 years. Assume all interest is 2.48% compounded monthly Round the answers to NPV (Option 1), and NPV (Option 2) to the nearest dollar. Round all other answers to two decimal places where applicable. 1) Find the net present value of option 1: Payments (Cost) Sale of equipment (Residual) P/Y = Y = N VYs PV = PMT $ $ FV = A (If the NPV is negative, enter it as a negative number. If the NPV is zero, enter 0.) NPV (Option 1) = 51 (rounded to the nearest whole number) 2) Find the net present value of option 2: Payments (Cost) P/Y CAY N VY PV PMT $ ( FV $