Three alternatives are given below: Use a MARR = 15% Alternatives 1 #1 Initial Cost: $25,000 Life: 10 years Cash flow +$5000 for year 1 through 10 2 #2 Initial Cost: $15,000 Life: 10 years Cash flow +$3100 for year 1 through 10 #3 Initial Cost $22,000 Life: 10 years Cash flow +$4500 for year 1 through 10 16. Which IRRs, if any, do not meet the minimum MARR? 16 7 8 9 O 21 17. Using incremental IRR analysis, which alternative is the best choice? 3 25 26 27 28 29 30 31