FastBits Electronic Company Sdn. Bhd. is evaluating new precision inspection devices to help verify package quality. The manager has obtained the following bids from four companies. All devices have a life of five years and a minimum attractive rate of return of 5%. The alternatives are mutually exclusive. Description Company A Company B Company Company D Initial Cost (RM) 420000 120000 510000 200000 Annual Costs (RM) 900 12000 23000 9000 Net Cash Flows (RM) 105000 33600 127500 46000 IRR 7.9% 12.4% 7.9% 4.8% Using incremental internal rate of return analysis, from which company, if any, should the manager purchase the new precision inspection device? Use trial and error method with 5% and 11% interest rates. Understood? (Y/N) Format : A Step 1- Eliminate Company Format : A Step 2 - Rank Company from no 1-2-3 Format: X-X-X Step 4 - Incremental IRR first comparison Format :9.6 Step 5 - Remove Company from selection Format :A