Please see the data given below for five (5) investment alternatives. For each, the project life is 10 years and the MARR is 10%. Please answer the questions below. Note: No calculations should be necessary on your part to answer the questions.

Alternatives I II III IV V First Cost ($) 80 100 110 180 325 Annual Savings ($) 30 10 38 40 50 PW for each Alternative ($) 104 -39 123 66 -18 IRR for each Alternative 36% 0% 32% 18% 9%