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Please view the following video before answering this question. Click here to watch the video Click here to access the TVM Factor Table Calculator An

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Please view the following video before answering this question. Click here to watch the video Click here to access the TVM Factor Table Calculator 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. Part a What is the present worth of each alternative? Storage tank: $ Holding pond: $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $100

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