Consider the following EOY cash flows for two mutually exclusive alternatives (one must be chosen):

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

\begin{tabular}{llc} \hline & Lead Acid & Lithium lon \\ \hline Capital investment & $6,000 & $14,000 \\ Annual expenses & $2,500 & $2,400 \\ Useful life & 12 years & 18 years \\ Market value at & $0 & $2,800 \\ end of useful life & & \end{tabular}