The three equations below represent three mutually exclusive engineer carefully examine the three equations answer the following questions: AEC(5%)=11500(A/P,5%,6)1000+1500(A/F,5%,6)AEC(5%)=10000(A/P,5%,6)1800+500(A/F,5%,6)AEC(5%)=15000(A/P,5%,6)700+2500(A/F,5%,6) a) Taking into consideration the general definition of AEC concept in the equations above, determine the amount of each item, including the sign ( +/), in the table attached below. b) Draw the cash flow diagram for each project and load appropriately. c) Calculate the AEC of each project and use the annual equivalent cost analysis process to determine which project should be selected and why. Fully justify your answer. The three equations below represent three mutually exclusive engineer carefully examine the three equations answer the following questions: AEC(5%)=11500(A/P,5%,6)1000+1500(A/F,5%,6)AEC(5%)=10000(A/P,5%,6)1800+500(A/F,5%,6)AEC(5%)=15000(A/P,5%,6)700+2500(A/F,5%,6) a) Taking into consideration the general definition of AEC concept in the equations above, determine the amount of each item, including the sign ( +/), in the table attached below. b) Draw the cash flow diagram for each project and load appropriately. c) Calculate the AEC of each project and use the annual equivalent cost analysis process to determine which project should be selected and why. Fully justify your