Cleanville Environmental Services is evaluating two alternative methods for the disposing of municipal waste. The first involves developing a landfill site near the city. Costs of the site include $1,000,000 start-up costs, $100,000 closedown costs 30 years from now, and operating costs of $20,000 per year. Starting in 10 years, it is expected that there will be revenues from user fees of $30,000 per year. The alternative is to ship the waste out of the region. An area firm will agree to a long-term contract to dispose of the waste for $130,000 per year. Using the annual worth method, which alternative is economically preferred for a MARR of 11 percent? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 11%. V is the economically preferred choice. The annual cost of the landfill is $ . The annual cost of the long-term contract is $130,000. The (Round to the nearest dollar as needed.)