Two mutually exclusive investment alternatives are being considered, and one of them must be selected.

Alternative A requires an initial investment of $13,000 in equipment. Annual operating and maintenance costs are anticipated to be normally distributed, with a mean of $5,000 and a standard deviation of $500. The terminal salvage value at the end of the ten-year planning horizon is anticipated to be normally distributed, with a mean of $2,000 and a standard deviation of $800.

Alternative B requires end-of-year annual expenditures over the ten-year planning horizon, with the annual expenditure being normally distributed with a mean of $7,500 and a standard deviation of $650. Using a MARR of 15% per year, what is the V(PW) of Alternative B?

	a.	$2,560,453
	b.	$2,120,443
	c.	$16,372,555
	d.	$10,642,079
	e.	$10,598,665

CHOOSE ONE