(Chapter 6) Consider the following two mutually exclusive alternatives for reclaiming a deteriorating inner-city neighborhood (one of them must be chosen). Notice that the IRR for both alternatives is 27.19%. 1) which alternative should be chosen if MARR is 15% per year? 2) Which alternative should be chosen if MARR is 27.5%. Use incremental analysis method. Use Excel to solve this problem. Draw the cash flow diagram (20 Points) Alternative X Y -$100,000 -$100,000 EOY 1 $50,000 2 $51,000 0 3 $60,000 $205,760 IRR 27.19% 27.19%