The following options describe the possible usage of a vacant lot that includes a do nothing alternative.

If the Minimum Attractive Rate of Return (MARR) is 18%, what should be done with the vacant land using Annual worth analysis only?

Will a higher MARR affect your decision?

Please explain without using Excel.

Project	Parking Lot	Gas Station	Car Wash
Initial Investment	$50,000.00	$100,000.00	$44,000.00
Operating Cost Per Year	$25,000.00	$85,000.00	$12,000.00
Revenue Per Year	$35,000.00	$70,000 in year 1, then increasing by $1,000 per year	$17,000.00
Salvage Value	$10,000.00	$10,000.00	$12,000.00
Life (years)	5	10	15

Thank you!