A company is planning to start an investment, for which there are 4 alternatives. The company can choose only one of these, in other words: the projects are mutually exclusive.

Data given:

• The (annual nominal, compounded annually) MARR is 10% if the investment is $1,250 or less, 11% if the investment is higher than $1,250 but $2,250 or less, and 12% if the investment is higher than $2,250.
• Table containing the Initial Investment, the Annual net cash flows (constant) and the useful life:

	1	2	3	4
Initial Investment	-$1,000	-$1,500	-$2,000	-$3,000
Annual net cash flow	$450	$470	$500	$650
Useful life (years)	3	5	6	6
Salvage Value	$0	$0	$200	$500

What is the best project, using the annual equivalent cost method.

And please can you put the excel rows of how to solve it please.