In the Rawhide Company (a leather products distributor), decisions regarding approval of proposals for capital investment are based upon a stipulated MARR of 13% per year. The five packaging equipment listed in the table below were compared, assuming a 10-year life and zero market value for each at that time. Use the IRR method to determine the most economical equipment. in the Rawhide Company a leather products distributore decisions regarding approval pot pro W Capital investment Annual revenues less expenses Internal rate of return (IRR) $37,400 10,900 26.3% Packaging Equipment X Y Z $50,900 $59,000 $67,600 $83,700 13,900 15,100 17,200 20,400 24.2% 22.1% 21.9% 20.6% To perform the incremental analysis, which alternative would you choose as the initial base alternative? Choose the correct answer below. OOO so