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Q4- MARR is 12%. On the basis of IRR criterion, which option is better? please show all steps and all work, thank you Alternative 1

Q4- MARR is 12%. On the basis of IRR criterion, which option is better? please show all steps and all work, thank you

Alternative

1

2

3

4

First cost, $

-80,000

-50,000

-145,000

-20,000

Annual Cost

-28,000

-26,000

-16,000

-21,000

Annual revenue

61,000

43,000

51,000

29,000

Life, years

4

4

8

4

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