11. An elective project is currently under review. The first alternative requires an initial investment of $60.000 for equipment. The annual revenues and expenses are expected to be $36,000 and $20,000 each year, respectively, over the 6-year project period. The salvage value of the equipment at the end of the project period is projected to be $14,000. The B/C of this alternative is 1.34. The second alternative requires an initial investment of $116,000 for equipment. The annual revenues and expenses are expected to be $38,000 and $10,000 each year, respectively, over the 6-year project period. The salvage value of the equipment at the end of the project period is projected to be $22,000. Find the preferred alternative using B/C analysis, assuming a MARR of 10%. Justify your conclusion.