If current I=110 (full load, no 125% factor), and distance D = 2 * 245', with allowable voltage drop Vd = 3% * 240 = 7.2V, then allowable total resistance is R = 7.2 / 110 = 65.5 milliohms, and allowable resistance per kft = 65.5 / 0.49 = 134 milliohms/kft.
Then if you want to use the DC resistances from Table 8, #1/0 Cu is the smallest size with a lower resistance/kft, of 122 milliohms/kft. Or Table 9 tells you the effective Z for the conditions assumed in the Table for #1/0 Cu is 130 milliohms/kft, same answer.
Cheers, Wayne