1. Which of the alternatives should be selected on the basis of Present Worth Analysis where interest rate is 10% per year? The estimated cash flows for each alternative are as follows: (50 pts.) Initial Investment Annual Cost (per year) Annual Revenue (per year) Trade-In Value Useful Life Alternative 1 $150,000 $8,000 $30,000 $10,000 15 years Alternative 2 $55,000 $5,000 $24,000 $8,000 5 years Alternative 3 $45,000 $6,000 $26,000 $7,000 5 years