We first find the values of $\alpha$ and $\beta$.
Given
$ \alpha=\frac14+\frac18+\frac1{16}+\cdots $
This is an infinite geometric progression with
$ a=\frac14,\quad r=\frac12 $
So,
$ \alpha=\frac{a}{1-r}=\frac{\frac14}{1-\frac12}=\frac{\frac14}{\frac12}=\frac12 $
Now,
$ \beta=\frac13+\frac19+\frac1{27}+\cdots $
This is also an infinite geometric progression with
$ a=\frac13,\quad r=\frac13 $
Thus,
$ \beta=\frac{a}{1-r}=\frac{\frac13}{1-\frac13}=\frac{\frac13}{\frac23}=\frac12 $
So both are equal to $\frac12$.
Now the expression becomes
$ (0.2)^{\log_{\sqrt5}\left(\frac12\right)}+(0.04)^{\log_5\left(\frac12\right)} $
Convert decimals into fractions:
$ 0.2=\frac15,\qquad 0.04=\frac1{25}=5^{-2} $
So,
$ \left(\frac15\right)^{\log_{\sqrt5}\left(\frac12\right)}+\left(\frac1{25}\right)^{\log_5\left(\frac12\right)} $
That is,
$ 5^{-\log_{\sqrt5}\left(\frac12\right)}+5^{-2\log_5\left(\frac12\right)} $
Now use the change of base idea:
$ \log_{\sqrt5}\left(\frac12\right)=\frac{\log_5\left(\frac12\right)}{\log_5(\sqrt5)} $
Since
$ \log_5(\sqrt5)=\log_5\left(5^{1/2}\right)=\frac12 $
therefore
$ \log_{\sqrt5}\left(\frac12\right)=\frac{\log_5\left(\frac12\right)}{1/2}=2\log_5\left(\frac12\right) $
Hence first term:
$ 5^{-\log_{\sqrt5}(1/2)}=5^{-2\log_5(1/2)} $
So both terms are same:
$ 5^{-2\log_5(1/2)}+5^{-2\log_5(1/2)}=2\cdot 5^{-2\log_5(1/2)} $
Now use the identity
$ a^{\log_a x}=x $
Then
$ 5^{-2\log_5(1/2)}=5^{\log_5(1/2)^{-2}} \text{ is not correct} $
So let us simplify properly:
$ -2\log_5\left(\frac12\right)=\log_5\left(\frac12\right)^{-2}? $
Instead, use
$ k\log_a b=\log_a(b^k) $
Thus,
$ -2\log_5\left(\frac12\right)=\log_5\left(\left(\frac12\right)^{-2}\right)=\log_5(4) $
Therefore,
$ 5^{-2\log_5(1/2)}=5^{\log_5 4}=4 $
So the total value is
$ 2\times 4=8 $
Hence, the required value is
$ \boxed{8} $
So the correct option is Option C.