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 $338,000, and annual maintenance costs are estimated to be $6,600 per year. As an alternative, a holding pond can be provided a short distance away at an initial cost of $207,000 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 $13,000. The planning horizon is 20 years, and at that time, neither alternative has any salvage value, MARR is 23 %/year. Parta X Your answer is incorrect What is the present worth of each alternative? Storage tank: $ 366239 Holding pond: $ 352622