1. (30 points) The ROYCE362 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 $15,000 $36,000 Annual Costs Salvage Value $3,900 $9,100 $5,000 $25,000 All options have a life of ten years. Market 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