Andrews Manufacturing is considering a new machine. Each choice has a 7-year useful life. $160,000 68,000 12,000 First cost 00S255,000 75,300 t19,000 The MARR is 5%. For parts a)-c), which alternative should be selected? a) Solve the problem by payback period. b) Solve the problem by future worth analysis. c) Solve the problem by benefit-cost ratio analysis. d) What would the first cost for alternative A need to be in order for alternative A and alternative B to be equally desirable