10.) A company is considering proposals 1 to 3, with eight year lives and cash flows estimated to be as follows: Proposal PI (S) P2 () P3 (S) 800,000 600,000 400,000 200,000 180,000 50,000 Investment Annual revenue 450,000 400,000 300,000 Annual cost Salvage value 100,000 80,000 60,000 Proposals 1 and 2 are mutually exclusive and proposal 3 is contingent on proposal 2. The budget limit is $1,200,000. (a) Develop the matrix of investment alternatives, indicate which ones are not feasible, and give reasons for the infeasibility. (b) Develop the composite money flows for feasible alternatives. (e) Use the present equivalent on total investment approach to find the best alternative if the interest rate is 15%