You are to evaluate each of the following scenarios for the implementation of a new process at a facility Evaluate each scenario in Present Value, Future Value, & Annual Value. Compare the scenarios and make a recommendation on which scenario your client should follow and why you recommend it (there is no right answer, as long as you defend your answer well). Do each evaluation the long way, meaning don't do the Present Value then directly convert to Future & Annual Value, although that is a good way to check your work. You may convert midlife income/expenses to future or present value then to annual if needed. The dollar values listed below are the value at the year they are listed for cenario #1 Discount Rate: 10% Project Life: 10 years Initial investment: $125,000 Annual Disbursements: $12,000 Annual Receipts: $50,000 Maintenance Layout @ year 6 Salvage Value: $15,000 $25,000 cenario #2 Discount Rate: 10% Project Life: 12 years Initial investment: $100,000 Annual Disbursements: $10,000 Annual Receipts: $40,000 Waste Sale@ Years 3, 6, 9, & 12: $10,000 each year Salvage Value: $10,000 enano# Discount Rate: 15%-more risk! Project Life: 20 years Initial investment: $225,000 Annual Disbursements: $25,000 Annual Receipts: $75,000 Equipment Upgrade & Training @ Year 10: $40,000 Salvage Value: $20,000 cenario #4 Discount Rate: 5% Project Life: 6 years Initial investment: $220,000 Annual Disbursements: $22,000 Annual Receipts: $64,000 Salvage Value: $100,000