3. (6 pts) A major piece of your company's manufacturing equipment has failed, and you need to buy a replacement. There are three alternatives. Which one should be selected based on rate of return analysis if the company MARR is 12%? You only need to buy one. Ver D I A B $ $ $ Initial Cost (150,000) (180,000) (195,000) Annual $ 60,000 $ 48,000 $ 75,000 Benefit Salvage $ 45,000 $ 30,000 $ Value 45,000 Life (yrs) 2 4. 4 ROR 13% 9% 12.50%