1. For the alternatives shown below, how much is the sum of the incremental cash flows for Y-X.

   
   

   HINT: For the sake of simplicity, the cash flow signs have already been included in the below cash flow table

   	Alternative X	Alternative Y
   First Cost ($)	- 40,000	-100,000
   Annual Operating Cost ($ per year)	- 33,000	- 15000
   Salvage value ($)	+ 2,000	+ 9,000
   Life (years)	3	6

   		$ 97,000
   		$ 93,000
   		$ 84,000
   		$ 53,000