b) What is the present worth of investment 2?

c) What is the present worth of investment 3?

Your company is considering three mutually exclusive investments as described in the table below. Based on a 12-year study period and 10% MARR, determine which investment should be selected. The repeatability assumption cannot be applied. Hint: imputed market value, technique will need to be applied to Investment 1 and assume co-termination a 12-years with reinvestment for Investment 3. The investments are: 1. Initial investment $60,000; Net annual revenue $1,436; Salvage value $200; Useful life 18 2. Initial investment $48,000; Net annual revenue $7,689; Salvage value $2,000; Useful life 12 3. Initial investment $28,000; Net annual revenue $5,311; Salvage value $3,400; Useful life 9 Please round your answer to nearest integer for all problems below.