Extracted text: A university is considering two alternative types of bleachers for a new gymnasium. One of the two alternatives will be chosen. Assume that the benefits of the gymnasium are the same for botth construction methods. Alternative A: Wooden bleachers on earth fill The first cost of $110.000 for the earth fill and $100.000 for the wooden bleachers. The annual painting costs are $5,000. The wooden bleachers must be replaced every 30 years at a cost of $100,000. The earth fill will last the entire 120 years Alternative B: Concrete Bleachers The first cost is $350,000. The expected life of the concrete bleachers is 120 years and the annual upkeep costs are $2,500 The university uses a MARR of 7%. Which of the two alternatives is better?