The Smooth Paving Company must purchase a compactor to meet the growing demands for road construction and resurfacing. The key parameters of the three compactors under scrutiny are provided below. Parameters Alpha Beta Gamma 1. Initial Cost ($) 120,000 180,000 225,000 $140,000 at EOY1 increasing by $5,000 annually to $146,100 at $250,000 at EOY3 EOY1 EOY1 2. Revenues ($) (=$150,000); increasing by increasing by thereafter 1% annually to 1% annually to decreasing by EOY10 EOY5 $20,000 annually to EOY5 (=$110,000) $97,000 at EOY1 117,000 at $173,000 at EOY1 EOY1 decreasing 3. Operating Costs ($) annually by $500 decreasing by increasing by to EOY5 1% annually to 3% annually to EOY10 EOY5 4. End-of-life salvage value ($) 5,000 0 ($20,000) 5. Useful life (years) 5 years 10 years All parameter values are fictitious. EOY = End-of-year Industry Standard = 2.5 years MARR = 10% ($) = Negative dollar amount 5 years . . . 7. Gamma's recovery period (years) based on the simple payback decision criterion 8. Alpha's "project balance" after three (3) years based on the simple payback decision criterion. Beta's recovery period (years) based on the discounted payback decision criterion. 10. Alpha's recovery period (years) based on the discounted payback decisior criterion