**Can use Excel or written equations. Please show formulas used if excel is used. Thanks!**

4. Consider four mutually exclusive alternatives: A B D Initial Cost, $ $770.00 1406.30 2563.30 0 Uniform annual benefit, $ per year 420.00 830.00 1600.00 0 Useful life, years 2 4 8 0 The analysis period is 8 years. At the end of 2, 4, and 6 years, Alt. A will have an identical replacement. Alternative B will have a single identical replacement at the end of 4 years. Choose the best alternative using incremental ROR analysis with MARR = 7%