3.2 Two locations of Beach Park Resort's new facility are evaluated, with the projected life of each facility being 10 years. The cash flows are as follows: Alternative A B First Cost $ 60,000,000 $ 64,000,000 Maintenance & Operating costs S 5,200,000 $ 6,700,000 Annual Benefits $ 4,500,000 $ 7,000,000 Salvage Value $ 6,000,000 $ 6,500,000 Project life 10 10 The company uses a MARR of 10%. Using internal rate of return analysis, answer the following questions. a) List the table of Incremental Cash Flow based on the two alternatives. Obs.: Label the columns accordingly. [4 points] Cash flows Year 0 $ $ $ Maintenance & Operating costs Years $ $ $ 1-10 Annual Benefits Years 1-10 $ $ $ $ Salvage Value $ $ $ b) Write the NPW equation for the incremental cash flow. [3 point] c) Calculate the Incremental IRR for system investment. [11 points] d) Which alternative should be chosen? Why? [1 point + 1 point]