Three mutually exclusive alternatives are being considered for the production equipment at a tissue paper factory. The estimated cash flows for each alternative are given here. (All costs are in thousands.)

Which equipment alternative, if any, should be selected? The firm's MARR is 20% per year. Please state your assumptions.

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Capital investment $2,000 $4,200 $7,000 Annual revenues 3,200 6,000 8,000 Annual costs Market value at 2,100 4,000 5,100 100 420 600 end of useful life Useful life (years) 5 10 10