Two methods can be used for producing solar panels for electric power generation. Method 1 will have an initial cost of $550,000, an AOC of $160,000 per year, and $125,000 salvage value after its 3 -year life. Method 2 will cost $830,000 with an AOC of $120,000 per year, and a $240,000 salvage value after its 5-year life. Assume your boss asked you to determine which method is better, but she wants the analysis done over a 3-year planning period. You estimate the salvage value of method 2 will be 35% higher after 3 years than it is after 5 years. If the MARR is 10% APR, compounded daily, which method should the company select? If required, be sure you use your MARR to 3 decimal places. (Example for 10% use 10.000\%) Use the above information to answer the following: a. What is the study period, T? years b. What is the PW of Method 1 ? (Nearest whole dollar) dollars c. What is the PW of Method 2? (Nearest whole dollar) dollars d. Based on parts a, b and c, which method should be selected? Method 1, PW of M1 more economical compared to PW of M2 Method 2, PW of M2 more economical compared to PW of M1 Method 2, PW of M2 less economical compared to PW of M1 Method 1, PW of M1 less economical compared to PW of M2