OLD DOMINION ENMA 302, Engineering Economy Spring 2017 Student Initials Examination 2 22. Consider the following two mutually exclusive alternatives (do not consider the "Do Nothing" the is Each alternative has a life and no salvage value. If rate of return 11.0%, which alternative should be selected? Answer in terms of incremental analysis Cash Flow Initial cost (-$60,000) $90,000) EUAB $10,000 $15,000 company deposits $40,000 at the end of each year for 12 years in an interest bearing account at 7% per year. It deposits nothing for the next 10 years but leaves the initial deposit and accrued interest in the account. What is the future worth of the account at the end of 22 years