United Insurance of Hawaii is building a new facility to house its staff of 500 in downtown Honolulu. The company prides itself on a commitment to sustainability, and, in this regard, it is considering two alternatives that will reduce its demand for electricity generated using fossil fuel. The first alternative is to install solar panels on the roof of the building. The company estimates that this alternative will cost $1,000,000 and save the company $280,000 per year in electricity costs. The panels are expected to have a five-year life. The second alternative is to utilize nanotechnology to produce a photovoltaic material that can be installed over windows. This alternative is more expensive, $1,500,000, but is expected to save $400,000 per year over its five-year life. Click here to view factor tables Use the NPV approach to determine the better alternative. Assume the company desires a return of 12 percent. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to O decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Solar Panels Nanotechnology $ Net Present Value Investment in is the better alternative.