both questions

Question 3 1 pts Bill just won the sweepstakes in Tennessee! He has the option of either receiving a check right now for $120,000 or receiving a check for $45,000 each year for three years. Bill would receive the first check for $45,000 immediately. At what interest rate would Bill have to invest his winnings for him to be indifferent as to how he receives his winnings? Choose the closest answer. 12.94% @ 20.05% 21.61% 23.34% 1 pts Question 4 Three mutually exclusive alternatives are being considered for the production equipment at a tisue paper factory, The estimated cash fows for each alternative are given below All costs are in thousands which equipment alternative, if any, should be selected? The firm's MARR is 20% per year please state your assumptions. Aneaual revenues Annual cests 3,2007,000 2,100 1,000 5,100 4,000 Matket vahue at end of 100 Useful lfe Alternative A O Alternative C