Financial data related to three different alternatives are provided in the table below. Assume that alternatives replaced at the end of their useful lives MARR = 8%.

Data

P

Q

R

Initial Cost

$5,000

$1,000

$2,500

Uniform Annual Benefits

$650

$0

$350

Salvage Value

$5,000

$1,760

$2,000

Useful Life in Years

20

5

10

The EUAC of alternative P is __________.

The salvage value is used as a cost reduction.

A. $400

B. $450

C. $325

D. $650