1. (30 points) The ROYCE 362 Co. is considering a new smart window blinds system. They have narrowed the choices down to three alternatives in addition to the Null (Do nothing) alternative. The relevant data are shown in the table below B-A C-B 50,000 $95,000 First Cost Annual Benefit Annual Costs Salvage Value $15,000 $36,000 $5,000 $25,000 3,900 $9,100 All machines have a life of ten year arket rate is 15%. a) b) You know that A has an IRR of 17%, which option would you pick? You do not know the IRR of A. Which option would you choose