XYZ development owns the last vacant parcel in a thriving industrial park. There are 3 proposals for developing that property; the corresponding data are shown in the table below: W First cost Annual O&M costs Annual income R&D lab $3.0 M $750 K $1,200 K Instrument Maintenance (IM) $3.3 M $200 K $750 K Surfboard Manufacturing (SM) $4.6 M $400 K $1,100 K In each case, XYZ builds and maintain the structure and receives income from it as shown above. XYZ has an annual effective MARR of 7% and uses a time horizon of 20 years for its analysis. Remember to draw cash flow diagrams. A [6 points] Using the present worth method, what is the best alternative? B [6 points] Using the annual worth method, what is the best alternative? C [6 points] Using the internal rate of return method, what is the best alternative?