Question 2 (25 points) An environmental engineer is considering two alternatives for disposing of a nonhazardous chernical sludge: land application and private disposal contract. The details of each method are shown below including the salvage values. (to receive full credit show your work. You will receive 5 points if you only included the final answer even if it is correct.) Land Application Contract 110,000 0 Initial Cost, $ Annual Cost, S/year Life, years 95,000 190.000 6 2 12% of Initial Cost 0 Salvage Value a. Based on an annual worth analysis and a MARR of 12% per year, determine which alternative is preferred. b. With out solving the problem using FW analysis, will you reach to the same conclusion if you used a Future Worth analysis? Explain briefly