Two advanced thermal insulating and anti- condensation protection alternatives have been proposed for new Antarctica marine vessels subject to the harsh marine environment. One alternative must be selected. Estimated savings from reduced total installation and maintenance costs over conventional insulation are the following: 
Which alternative should be recommended based on the present worth method? Use a MARR of 18 percent and a study period of 8 years. Assume negligible salvage values.
Definitions:
Short-Run Equilibrium
The condition where supply and demand are balanced at a particular level of output and price over a short period.
Pure Monopolists
Entities that entirely dominate an industry or sector, with no competition due to unique products, control of resources, or significant barriers to entry.
Price Takers
Entities in a market that accept the prevailing prices for its goods or services, having no power to influence the market price.
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