Unequal lives$-$ANPV approach JBL Co$.$ has designed a new conveyor system. Management must choose among three alternative courses of action: $(1)$ The firm can sell the design outright to another corporation with payment over $2$ years. $(2)$ It can license the design to another manufacturer for a period of $5$ years, its likely product life. $(3)$ It can manufacture and market the system itself; this alternative will result in $6$ years of cash inflows. The company has a cost of capital of $12\mathrm{.}4\%.$ Cash flows associated with each alternative are as shown in the following table. $($Click on the icon here in order to copy the contents of the data table below into a spreadsheet.$)$

$\backslash$table$[[$Alternative$,$Sell,License,Manufacture$],[$Initial investment $(C{F}_0),$$$200,200,$$$200,100,$$$449,000$