Unequal-lives projects Type A and Type B, use MARR = 40% to make the decision. Please write a solution on a piece of paper.

IRR on Incremental Investment: Two Alternatives Given: Project Cash Flows (unequal-life projects) Year Initial cost, $ AOC, $/year Salvage value, $ Project life Type A -70,000 -9,000 5,000 3 years Type B -95,000 -7,000 10,000 6 years Establish the incremental cash flow (LCM method)