Consider the cash flows identified below, and consider the project mutually-exclusive. MARR=12%. What is the Net Present Value of the incremental cash flows and what does this imply? Alternative B (PhP) C (PhP) Initial Cost 150.0 110.0 Annual Benefit 39.6 39.6 Life (# of yrs) 6 4 a. Negative NPV of PhP1.48; This implies that the NPV of the lower-initial-cost- alternative is PhP1.48 lesser than the higher-initial-cost alternative. b. Positive NPV of Php2.26; This implies that the NPV of the higher-initial-cost- alternative is PhP2.26 greater than the lower-initial-cost-alternative. c. Negative NPV of PhP1.48; This implies that the NPV of the higher-initial-cost- alternative is PhP1.48 lesser than the lower-initial-cost-alternative. d. Positive NPV of PhP2.26; This implies that the NPV of the higher-initial-cost- alternative is PhP2.26 lesser than the lower-initial-cost-alternative.