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 $401,000, and annual maintenance costs are estimated to be $7.700 per year. As an alternative, a holding pond can be provided a short distance away at an initial cost of $195,000 for the pond plus $90,000 for pumps and piping. Annual 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 20%/ year. Parta What is the present worth of each alternative? Storage tank: \$ Holding pond: 5 Carry all interim colculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 100