Two methods can be used to producesolar panels for electric power generation.Method 1 will have an initial cost of $520,000, an AOC of $230,000 per year, and$155,000 salvage value after its 3-year life. Method 2 will cost $950,000 with an AOCof $155,000and a $210,000 salvage value after its 5-year life. Assume your boss askedyou to determine which method is better, but she wants the analysis done over a three-yearplanning period. You estimate the salvage value of Method 2 will be 26% higher after threeyears than it is after five years. If the MARR is 12% per year, which method should thecompany select?