The following investment alternatives are being evaluated. Assuming that only $$30,000$ is

available, and the surplus will be obtained through a loan at a $5\mathrm{.}5\%$ annual effective interest rate

payable in annual payments over $4$ years. Determine which alternative should be selected.

Conduct the analysis using the Annual Annuity $($EAA$),$ and Internal Rate of Return $($IRR$)$

methods. Use a Minimum Acceptable Rate of Return $($MARR$)$ of $7\%.$