ABC construction Inc. is considering whether to purchase a Caterpillar backhoe or not. The cost of the backhoe is $46,650, the annual net benefit is $3,279, the company can sell the backhoe for $23,374 after 8 years. Given the company's MARR is 5\%, what is the NPV of the backhoe? Which of the following statements is not correct about rate of return analysis? IRR is the internal rate of return for the incremental cash flows If IRR A>IRR of B, then alternative A should be selected