Instructions: 1. Read and complete the attached assignment. 2. Submit the completed assignment using Word (.doc) or Excel (.xls) documents. Handwritten submittals will not be accepted. 3. Show calculations. 4. Check the Rubric. Problem: Determine the present worth of the following alternatives. Use an interest rate of 6%. Include a Cash Flow Diagram for each: Alt. X Alty Initial cost $12,500 $8.900 Annual benefit$6,800 $2,000 Salvage value $5,000 $8,900 Life in years 2 years 3 Years