The following mutually exclusive investment alternatives have been presented to you. The life of all alternatives is 10 years. Capital investment Annual expenses Annual revenues Market value at EOY 10 IRR $60,000 $90,000 $45,000 $30,000 $70,000 30,000 40,000 25,000 14,000 35,000 50,000 52,000 38,000 29,000 45,000 10,000 15,000 10,000 11,000 15,000 9.2% ??? 7.4% 26.7% 49.4% After the base alternative has been identified, the first comparison to be made in an incremental analysis should be which of the following? Assume the MARR 49.4%. Doing nothing is not an option Choose the correct answer below