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Three machine alternatives are being evaluated by a company. The annual cash flows for each of these three alternatives are given in the table below

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Three machine alternatives are being evaluated by a company. The annual cash flows for each of these three alternatives are given in the table below (all in dollars). Based on the NPW criterion, rank these three alternatives from most attractive to least attractive assuming a MARR of 7% compounded annually 300 400 n Alternative 1 Alternative 2 Alternative 3 0 -1,400 -2,000 :-1,000 1 300 2 500 600 400 3 500 800 400 4.700 1,000 400 Alternative 1 - Alternative 3 - Alternative 2 Alternative 2 - Alternative 3 - Alternative 1 Alternative 3 - Alternative 2 - Alternative 1 Alternative 3 - Alternative 1 - Alternative 2

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