2. A company is considering on investing one of the following alternatives. The tax rate is 50%. Suppose that no tax is paid if the taxable income is non-positive and switching between depreciation methods is allowed. Given that after-tax MARR is 10% and no budget limit exists, determine which alternative, if any, should be selected. A First Cost (8) -30,000 Annual Revenues ($) 30,000 Annual Expenses ($) 5,000 Depreciation Method Double Declining Balance Recovery period 5 Salvage Value (8) 10,000 -60,000 35,000 5,000 Straight Line 10 5,000 (a) if the alternatives are independent? (b) if the alternatives are mutually exclusive