Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use inisulation that is either 1 inch thick or 2 inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost $1.00 per year per foot of pipe. A 1-inch thick insulated covering will eliminate 75% of the loss and will cost $0.35 per foot. A. 2-inch thick insulated covering will eliminate 92% of the loss and will cost $0.80 per foot. PCCC Physical Plant Services estimates that there are 255,000 feet of steam pipe on campus. The PCCC Accounting Office requires a 9.0% year return to justify capital expenditures. The insulation has a life expectancy of 10 years. Click here to access the TVM Factor Table Calculator Parta What is the present worth of each option? No insulation: $ 1-inch insulation:\$ 2-inch insulation: 5