1. Two types of productivity programs are being considered for funding. Both have an initial cost of $10,000 for training equipment and consulting contracts. Program A promises to produce constant net revenues of $4,000 per year for 5 years. Net revenues from Program B are expected to be $10,000 the first year and $2,000 per year for the next 4 years. All revenues are considered to be end-of-year receipts. Use the present worth method to:
2. a) To determine which program is preferable at MARR=10%?
3. b) To determine which program is preferable at MARR=20%?
4. c) Draw a graph of present worth values versus rate of return for the tw

proposals and state a decision rule for selecting between the two proposals (i.e., state the rate of return above which you prefer one program and below which you prefer the other).