Three mutually exclusive investment alternatives are being considered. The estimated cash flows for each alternative are given below. The study period is 30 years and the firm's MARR is 6% per year. Assume repeatability and reinvestment of positive cash balances at 6% per year. a. What is the simple payback period for Alternative 1? b. What is the annual worth of Alternative 2? c. What is the IRR of the incremental cash flows of Alternative 2 compared to Alternative 1? d. Which alternative should be selected? 12 Click the icon to view the datatable for the additional information about the alternatives. 13 Click the icon to view the interest and annuity table for discrete compounding when the MARR is 6% per year. a. The simple payback period for Alternative 1 is b. The annual worth of Alternative 2 is $ years. (Round up to the nearest whole number.) (Round to the nearest dollar.) c. The IRR of the incremental cash flows of Alternative 2 compared to Alternative 1 is %. (Round to one decimal place.) d. AW = $ (Round to the nearest dollar.) AW3=$ (Round to the nearest dollar.) Based on the AW values, select (1) 12: More Info Capital Investment Annual Costs Annual Revenues Market Value at End of Useful Life Useful Life IRR Alt. 1 Alt. 2 Alt. 3 - $30,000 - $70,000 - $45,000 - $19,000 - $32,000 -$25,000 $25,000 10,000 5 years 8.8% 15.2% $51,500 10,000 5 years $35,000 10,000 6 years 12.8%