One of two methods will produce solar panels for electric power generation. Method 1 will have an initial cost of $750,000, an annual operating cost of $45,000 per year, and a $75,000 salvage value after its three-year life. Method 2 will cost $830,000 with an annual operating cost of $25,000, and a $90,000 salvage value after its five- year life. The company has asked you to determine which method is economically better, but it wants the analysis done over a three-year planning period. The salvage value of Method 2 will be 25% higher after 3 years than it is after 5 years. If the company's MARR is 15% per year, calculate the equivalent annual value of each method and which method should the company select? Method 1 = -$351,884; Method 2 =-$356,123 (Select Method 1) O Method 1 = -$334,606; Method 2 = -$312,326 (Select Method 1) Method 1 = - $213,872; Method 2 = - $381,857 (Select Method 2) Method 1 - - $213,872; Method 2 --$381,857 (Select Method 1) Method 1 = -$334,606; Method 2 - - $312,326 (Select Method 2) Method 1 - -$351,884; Method 2 = -$356,123 (Select Method 2)