Three assets are being considered. Assets A,B, and C have natural lives of 4,5 , and 6 years and first costs of $12,000,$20,000, and $30,000, respectively. There will be no salvage value at the end of each asset's life. Market value decreases in a straight-line manner for each. Identical assets will be used to succeed themselves if the planning horizon exceeds their natural life. The assets are needed for a strategic venture that is expected to last 7 years. a. What is the most appropriate planning horizon for evaluation of these assets? b. What is the salvage value of each alternative at the end of the planning horizon determined in (a)? c. If The annual returns for the assets are as follows A is 4,000,B and C is 7,000. And the MARR is 8%/yr, evaluate which alternative should be selected based on incremental present worth analysis