Dale. Page: Chapter 5 Present Value Problem A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternance are: Installed Cost $10,000 $15,000 $20,000 Uniform Annual Benefit $ 1,625 $ 1,530 $ 1,890 Useful life, in years 10 20 20 C For each alternative, the salvage value at the end of its useful life is zero. At the end of ten wears. A could be replaced with another A with identical costs and benefits. The minimum attractive rate of return (MARR) is 6%. Which alternative should be selected? Prepare Cash Flow Diagrams