b) The following tables provide information of six mutually exclusive projects and their IRRs derived from the same service lives of 9 years. Using the method learned in Topic 8, explain the procedure to conduct the incremental analysis by constructing the necessary tables using the relevant information provided below. Which alternative should be chosen if the MARR-10967 (9 marks) Capital investment $10,000 $12,000 $7,000 $5,000 $3,800 $16,000 Annual revenues less 2,050 2,450 1,200 752 500 3,050 expenses: IRR on total cash flow 12% 19% 9.7% 12% 17% 28% Increment considered A(A-C) IRRA 32% 14% 6% 17% 15% 21% 16%