An organization is considering the purchase of new machines to automatically conduct some quality control tasks. The machines are expected to save production cost which is given below as Annual Income. The machines are expected to be part of the production process for 5 years. The company has a minimum attractive rate of return (MARR) of 8.5% compounded quarterly. The following data is available for these new machines: Calculate the Net Present Worth (NPW) and Internal Rate of Return (IRR) of each alternative. b] Using incremental IRR analysis, rank the four alternatives based on economic feasibility. c]Using incremental benefit-cost analysis, rank the four alternatives based on economic feasibility. In Question 1, Assuming that this company has only $75,000 to invest now, it is required to select the most economically feasible alternative or group of alternatives. A new investment opportunity is available: buying bonds. The details of these bonds are as follows: Bond is available at unit price of $990 Face value of each bond is $ 1,000 Bond rate is 9.5%. Bond maturity is 5 years after purchase. Bond revenues are received every quarter. Bond is sold at face value at the end. You can use the NPW values to make a comparison between different capital allocation alternatives. Assume that the company possesses the same MARR as in Question I, compounding is still quarterly. You can buy more than one bond up to all the capital available of $75,000. However, you cannot invest in one particular alternative twice (e.g., you cannot have two identical investments of alternative A)