3) A major international construction company is considering building apartments for company employees working at their recently-established job site, and currently living in locally-owned housing. A comparison of two possible building plans indicates the following: Relevant data for each is given below: Initial Cost: Annual O&M Cost: Salvage: Expected Life: Project1 $4,500,000 $7,412,920 $500,000 Project2 $12,500,000 $5,504,100 $1,000,000 6 years 6 years One project or the other must be funded. Using the rate of return and incremental analysis techniques, which alternative do you recommend? Why? Assume the company's MARR is 10%. Include Cash Flow Diagrams for each of the two alternatives. Also use interpolation as part of your analysis. (20 points) 3) A major international construction company is considering building apartments for company employees working at their recently-established job site, and currently living in locally-owned housing. A comparison of two possible building plans indicates the following: Relevant data for each is given below: Initial Cost: Annual O&M Cost: Salvage: Expected Life: Project1 $4,500,000 $7,412,920 $500,000 Project2 $12,500,000 $5,504,100 $1,000,000 6 years 6 years One project or the other must be funded. Using the rate of return and incremental analysis techniques, which alternative do you recommend? Why? Assume the company's MARR is 10%. Include Cash Flow Diagrams for each of the two alternatives. Also use interpolation as part of your analysis. (20 points)