3) Two public projects are being considered. The first project has a construction cost of SR X. The operating cost is SR 40,000 annually and maintenance is required every 5 years of the amount SR Z. The second project has a one-time initial cost SR Y with an annual operating cost of SR 80,000 and requires maintenance of SR W every 3 years. Assume R% MARR. Using capitalized cost analysis, calculate the CC for the first and second projects and then decide which alternative should be chosen. Value of X Value of Y Value of Value of Value of Z W R 2,000,000 1,000,000 40,000 30,000 5 2,200,000 1,200,000 45,000 35,000 8 2,500,000 1,500,000 50,000 40,000 10 2,700,000 1,700,000 55,000 45,000 12 3,000,000 2,000,000 60,000 48,000 15 3,200,000 2,200,000 50,000 35,000 18 3,500,000 2,500,000 55,000 40,000 20