An industrial coal-fired boiler for process steam is equipped with a 10-year-old electrostatic precipitator (ESP). Changes in coal quality have caused stack emissions to be in noncompliance with federal standards for particulates. Two mutually exclusive alternatives have been proposed to rectify this problem (doing nothing is not an option) New Baghouse S1,093,500 New ESP Capital investment Annual operating expenses $980,000 64,800 110,000 The life o both alternatives is 9 years, the effective income tax rate s 29%, and the after ta MARR s 9% per year. Both alterna regarding which altemative to select based on an after-tax analysis esqualify as ser en-year MA RS S S e Ma are com endation r Click the icon to view the GDS Recovery Rates () for the 7-year property class. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 9% per year Calculate the PW value for the new baghouse PWBaghouse(9%)-s[0 million (Round to three decimal places )