6-51. What is the investment cost of Alternative 2 that will cause it to breakeven with Alternative 1, assuming the MARR = 12% per year. Further assume cotermination at the end of year five. State any other assumptions you make. (6.5.3)

Alternative 1 Alternative 2 Investment cost $3,000 $ X Annual receipts less expenses 800 1,300 Salvage value 2,000 4,000 Useful life 5 years 7 years