Question 7 (12 points) Two alternatives are being considered to perform a given job. Both of these alternatives provide equal service The cost data for each alternative are provided in the tables below Alternative 1 500,000 S0,000 Alternative 2 Initial Cost 200.000 Salvage Value Life. years Annual cost of operation and 50,000 3 35.000 30,000 maintenance Required return Use a conventional cost comparison and determine respectively 20 20 An equivalent annual cost comparison assuming infinite service need for Alternative 1. A present worth cost comparison assuming infinite service need for Alternative2 a) E1-116.205 P2-924,403.994 b) E1-208,246 P2-515,833.995 E1-178.246 P2-360,468.995 d) E1-20999.096 P2-4,910,444 ei None of the above