Consider the net cash flows (NCF) and salvage values (SV) shown below. Assume the alternatives can be indefinitely renewed with the same cash flows and salvage values. Specify the planning horizon and complete set of cash flows for each alternative using each of the following:

a. Least common multiple of lives

b. Shortest life among alternatives

c. Longest life among alternatives

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Alternative 1 Alternative 2 EOY NCF SV NCF SV 0 -$100 $100 -$70 $70 1 $20 $40 $30 $50 2 $20 $20 $40 $30 3. $40 $50 4 $60