IE-343 engineering economics

A thermoplastic film manufacturer is trying to decide between 8 types of thermoforming molding processes to be added to its molding operation. The estimated costs and revenues are shown below. Compare them on the basis of the IRR method and determine which process should be selected if the company's MARR is 7% per year. B D E F G Initial Costs $13,000 $12,000 $11,000 $12,500 $16,000 $26,000 $19,500 Annual expenses $6,550 $7,000 $8,000 $7,000 $11,000 $12,000 $13,000 Annual revenue $9,125 $9,000 $10,000 $9,500 $13,500 $16,000 $16,200 Lifetime(years) 9 9 9 9 9 9 9 IRR 11.54% 6.88% 9.17% 11.8196 5.24% 4.86% 6.48% Perform an IRR-incremental analysis to find the best alternative. a. Show the last iteration table of your process: ITERATION HEADER Initial Costs Annual Expenses Annual Revenue Lifetime (years) IRR b. The best alternative is c. Show your steps with your own handwriting. (Drag & Drop in the image of your work in the following box as a JPG, PNG, ete.) Write an optional reasoning for your answer: EE Give your reasons 2 i BI . 15 E 5