please do parts a through c.

P12-16 (similar to) Question Help Unequal livesANPV approach JBL Co. has designed a new conveyor system. Management must choose among three alternative courses of action: (1) The firm can sell the design outright to another corporation with payment over 2 years. (2) It can license the design to another manufacturer for a period of 5 years, its likely product life. (3) It can manufacture and market the system itself; this alternative will result in 6 years of cash inflows. The company has a cost of capital of 11.2%. Cash flows associated with each alternative are as shown in the following table. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Alternative Initial investment (CF) Year (t) Sell $200,400 1 $199,300 250,500 2 License Manufacture $200,500 $450,200 Cash inflows (CFt) $250,300 $200,700 101,000 240,000 79,400 200,700 59,400 200,700 41,000 200,700 200,700 (Round to the nearest cent.) 3 4 5 6 a. The net present value for the option to sell is $ a. Calculate the net present value of each alternative and rank the alternatives on the basis of NPV. b. Calculate the annualized net present value (ANPV) of each alternative and rank them accordingly. c. Why is ANPV preferred over NPV when ranking projects with unequal lives