Fiesta Foundry is considering a new furnace that will make them more efficient. Three alternative furnaces are being evaluated. 

Perform an incremental analysis of these alternatives using the IRR method for each increase in cash flows. 

The MARR is 12% per year

initial investment	450,000 $	400,000 $	300,000 $
Annual Revenues*	80,000 $	80,000 $	80,000 $
Annual price*	10,000 $	8,000 $	13,000 $
recovery value	50,000 $	40,000 $	35,000 $
lifetime of the asset	15 years	15 years	15 years