A local company is considering in investing in new, more productive equipment. Data concerning the three best alternatives are show below. The useful life of the equipment is 20 years and MARR =9%. What is the incremental return on the first incremental pair (when ordered by increasing investment) IRR? Ans. x.x% What is the incremental IRR on the second pair? Ans. x.x% Which alternative would you select? Ans. X A B D Initial investment $55,000.00 $ 23,500.00 $17,320.00 $66,000.0 $1,653.00 $7,830.00 Annual net $6,093.00 $3,177.00 income Salvage value $4,500.00 $3,232.00 IRR 9.35% 12.37% $1,733.00 $8,230.00 10.40% 7.46%