Two projects are being considered for implementation at an MARR of 6%. Both have equal other costs and benefits, and the decision needs to be made based on the initial costs only. The first project has a perpetual life, and the second project has life as shown. Which project should be selected?

Project C			Project D
Initial cost	($140,000,000)		Initial cost	($91,500,000)
Life	Perpetual		Salvage	$6,400,000
			Life in years	18