X=%14, PLEASE DONT USE EXCEL

1) Four mutually exclusive alternatives are being evaluated, and their costs and revenues are itemized in the table below. Mutually Exclusive Alternatives 11 IV Investment (first) cost $100,000 $152,000 $184,000 $220,000 Net annual receipts less costs $15,200 $31,900 $35,900 $41,500 Salvage value $10,000 $0 $15,000 $20,000 Useful life (years) 10 10 10 10 a) What are the IRR values for these projects? Based on IRR values which alternative should be selected? b) If the MARR is X% {please see the table for your value) use the PW method to detemine which alternatives are economically acceptable and which one should be selected. c) If the total capital available is (initial cost of all alternatives were) $200,000, which alternative should be selected