Unequal lives-ANPV approach JBL Co. has designed a new conveyor system. Management must choose among three alternative courses ot action (1) The tim can sell the design outnght to another corporation with payment over 2 years (2) It can license the design to another manutacturer tor a period ot years, its likely product life 3 It can manufacture and market the system itself this alternative will result in 6 years of cash in o s The company has a cost of capital of 1 1.6%. Cash flows associated with each alternative are as shown in he following table. Sell $199,600 License Manufacture $201,000 Initial investment (CFo) Year (t) $449,900 Cash inflows (CF) $200,700 $250,500 100,600 80,400 9,200 39,100 $199,200 240,000 199,200 199,200 199,200 199,200 249,500