A firm is deciding which alternative is the best for them to refurbish their production line. Details of the alternatives is as below:

Item	Alternative
	A	B	C
Installation	RM10,000	RM15,000	RM20,000
Scrap value	3,000	1,000	4,000
Net yearly receipts	RM1,625	RM1,625	RM1,890
Lifetime	10 years	20 years	20 years

Assume repeatability for Alternative A.

Help the firm to choose the best alternative using Internal Rate of Return (IRR) Method. (Hint: calculate IRR for individual alternative and also for the changes from one alternative to the other).