4. Assuming no do-nothing alternative, which project would you select on the basis of the benefit-cost ratio BCli) on incremental investment? MARR=12% First Costs Annual Benefits Annual Costs Salvage Value Life P1 $100.000 $20,000 $1,000 0 15 P2 $125,000 $26.000 $2,300 1.500 15 P3 $75,000 $18,000 $1,000 0 10 12.0% 07110 Single Payment Compound Present Amount Worth Factor Factor N IF/P.IN IPARANI 1 11200 0.8929 2 1.2544 0.7972 1.4049 1.5735 0.6355 5 1.7623 0.5674 6 19738 0.5066 7 2.2107 0.4523 2.4760 0.4039 9 2.7731 0.3606 10 1058 0.1220 11 3.4785 0.2875 12 3.8960 0.2562 13 4365 0.2292 14 48871 0.2006 15 5.4736 01827 Equal Payment Series Compound Present Amount Sinking Worth Factor Fund Factor Factor N/ALNO AVANI (P/AN) 1.0000 10000 0.8929 2.1200 0.4717 16901 3.3744 24018 4.7793 0 2032 3.0373 6.3528 01574 3.6048 81152 01232 41114 10.0890 0.0991 333638 12.2997 0.013 49676 147757 0.0677 17.5487 O.OSTO 20.6546 0.0484 5.9377 0.0414 6.1944 28 0291 0.0357 64235 32.926 0.009 6.622 37.2797 0.0268 6.8109 Capital Recovery Factor IA PUNI 1.1200 05917 04163 0.3292 0.2774 0.2432 0:2191 0.2013 0.18770 0.1770 0.1684 0.1634 01557 0 1500 0.1468