A firm is considering three mutually exclusive alternatives as part of an upgrade to an existing transportation network. At EOY 10, alternative IlI would be replaced with another alternative ll having the same installed cost and net annual revenues. If MARR is 9% per year, which alternative (if any) should be chosen? Use the incremental IRR procedure S35,000 $25,000 $20,000 $6,500 S5,600 $5,200 Installed cost Net annual revenue Salvage value Useful life Calculated IRR 20 years 17.9% 20 years 22.0% 10 years 22.6% Which alternative would you choose as a base? Choose the correct answer below. OA. Alternative l B. Alternative // O C. Alternative III Find the IRR of the difference between the base alternative and the second-choice alternative IRR (| |-| )-| | %. (Round to one decimal place.) Find the IRR of the difference between the current base alternative and the third-choice alternative IRR (| |-| |,- 96. (Round to one decimal place.) Which alternative should be chosen? Choose the correct answer below OA. Alternative III OB. Alternative l O C. Alternative lI Click to select your answer(s)