Consider two mutually exclusive alternatives stated in Year-0 dollars. Both alternatives have a 3-year life with no salvage value. Assume the annual infla- tion rate is 5%, a combined income tax rate of 38%. and straight-line depreciation. The minimum attrac- tive after-tax rate of return (MARR) is 8%. Use rate of return analysis to determine which alternative is preferable. Year 0 $420 200 200 200 $300 150 150 150