An environmental consultant is considering the installation of a water storage tank for a client. The tank is estimated to have an initial cost of $358,000, and annual maintenance costs are estimated to be $6,800 per year. As an alternative, a holding pond can be provided a short distance away at an initial cost of $225,000 for the pond operating and maintenance costs for the pumps and holding pond are estimated to be $11,000. The planning horizon is 20 years, and at that time, neither alternative has any salvage value. MARR is 19 %/year. Click here to access the TVM Factor Table Calculator What is the present worth of each alternative? Storage tank: $ Holding pond: $L Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +100. Which is the preferred alternative