The migration of Asian carp into the i Great Lakes must be stopped. Two mutually exclusive alternatives with different useful lives have been proposed to keep the carp from travelling further north:

If the MARR is 12%, which alternative should be chosen if it is specified that the internal rate-of-return method must be utilized?

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Fish Nets Electric Barriers Initial investment S1,000,000 Annual benefits $600,000 (EOY1) $1,200,000 (EOY) $2,000,000 less expenses 5500,000 (EOY 2) S1,500,000 (EOY2) $500,000 (EOY 3) 50 (FOY 3)