no excel show calculations

5. (20 points) The Ajax Manufacturing Company wishes to choose one of the following machines. Machine 1 Machine 2 Machine 3 $12,000 Initial cost $15,000 $21,000 Planning horizon 5 years 5 years 3 years $0.0 $3,000 Salvage value $2,000 Revenue years l ...,k $3,000 +500(k -1) $3,500 750 (k-1) $4,500 1000(k-1) $800 (1.08) $800 1 -1) Operating and maintenance costs $800 (1.1 years 1, ...,k MARR is 12% and the planning horizon is 5 years. Based on the internal rate of return determine the preferred alternative