Two locations of Beach Park Resorts new facility are evaluated, with the projected life of each facility being 10 years. The estimated cash flows are as follows:

Description	Location A	Location B
Initial Cost	$60,000,000	$64,000,000
Annual Operating & Maintenance Costs	$5,200,000/yr	$6,700,000/yr
Annual Benefits	$4,500,000/yr	$7,000,000/yr
Salvage Value	$6,000,000	$6,500,000
Project Life	10 years	10 years

The company uses a MARR of 10%. Using internal rate of return analysis, answer the following: a) [4pt] Fill out the table of Incremental Cash Flows based on the two alternatives:

Use an appropriate label for the increment (i.e., AB or BA).

Description	Location A	Location B	Increment (??-??)
Initial Cost (Y_0)
O&M (Y_(1-10))
Benefits (Y_(1-10))
Salvage (Y_10)

b) [3pt] Write the PW equation for the incremental cash flow. c) [11pt] Calculate the incremental IRR for this investment. d) [2pt] Which alternative should be selected? Why?