1. Consider the following end-of-year cash flows for two mutually exclusive alternatives (one must be chosen): Lead Acid Lithium Ion Capital Investment P600,000 P1,400,000 Annual Expenses P250,000 P240,000 Useful Life 12 years 18 years Market Value at end of Useful Life PO P280,000 The MARR is 5% per year. a. Determine which alternative should be selected if the repeatability assumption applies. b. Determine which alternative should be selected if the analysis period is 18 years, the repeatability assumption does not apply, and a battery system can be leased for P800,000 per year after the useful life of either battery is over