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Use the benefit/cost ratio criterion and a minimum acceptable rate of return (m) of 12% per year, to choose the best of the following alternatives:
Use the benefit/cost ratio criterion and a minimum acceptable rate of return (m) of 12% per year, to choose the best of the following alternatives: Alternatives Initial investment Net income at the end of year 1 Net income at the end of year 2 Net income at the end of year 3 Net income at the end of year 4 Plan 1 -$97,200 $35,640 $35,640 $35,640 $35,640 Plan 2 -$118,260 $42,485 $42,485 $42,485 $42,485 Show your work. If flow patterns are found (uniform, arithmetic, exponential), use factors
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