Defining alternatives When you were in high school perhaps you needed to decide to go to a four college or stay in your hometown and get a good job. Remember you need to first decide on the time period over which you will analyze this. Then you will need to consider all the items that will be different between the alternatives. List these below. You will not include anything that is the same between the alternatives. 1) Time period for analysis 2) Monetary items if you stayed home in your hometown and worked 3) Monetary items if you attended a 4 year university. 4) Lastly create a cash flow diagram for each alternative. Defining alternatives When you were in high school perhaps you needed to decide to go to a four college or stay in your hometown and get a good job. Remember you need to first decide on the time period over which you will analyze this. Then you will need to consider all the items that will be different between the alternatives. List these below. You will not include anything that is the same between the alternatives. 1) Time period for analysis 2) Monetary items if you stayed home in your hometown and worked 3) Monetary items if you attended a 4 year university. 4) Lastly create a cash flow diagram for each alternative