3. Three mutually exclusive investment alternatives are being considered. The estimated cash flows for each alternative are given below. The firm's MARR is 20% per year. a) Use repeatability assumption and make a recommendation. b) Use coterminated assumption and make a recommendation. Alternative 1 Alternative 2 Alternative 3 Capital Investment $60,000 $30,000 $40,000 Annual Costs $30,000 $16,000 $25,000 Annual Income $53,500 $28,000 $38,000 Market Value at end of useful life $10,000 $19.000 $10,000 Life (years) 5 5 6 IRR 29.90% 33% 26%