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A firm is considering three mutually exclusive alternatives as part of an upgrade to an existing transportation network. At EOY 10, alternative III would be

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A firm is considering three mutually exclusive alternatives as part of an upgrade to an existing transportation network. At EOY 10, alternative III would be replaced with another alternative III having the same installed cost and net annual revenues. If MARR is 11% per year, which alternative (if any) should be chosen? Use the incremental IRR procedure. A. Alternative II B. Alternative III C. Alternative I Find the IRR of the difference between the base alternative and the second-choice alternative. IRR Delta (Round to one decimal place.)

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