1. The expansion of the hotel and conference center at Universiti Teknologi Malaysia is under study. The initial investment and annual operating benefits and cost are very different due to the differing magnitude of the project under consideration. These can be summarized as follows: Alternative A RM180 000 Alternative B RM100 000 Alternative C RM280 000 Investment cost Annual operating costs Annual benefits 16 000 12 000 28 000 53 000 35 000 77 000 Using a MARR of 10%, which alternative should be selected for a ten-year useful life analysis period? Use benefit/cost ratio incremental analysis