Please do not use long tables amd chart method to solve. Show hand written solution with clear working and box final answer. thank you.

CASH FLOW diagram if possible

Three alternatives have the following cost and annual benefit data associated with them: Data Alt. 1 Alt. 2 Alt .3 Useful Life, Years 10 10 10 First Cost $1 325,000 $1,980,000 $1,650,000 Annual Benefit 265,000 589,000 435,000 Annual M&O Costs 95,000 97,000 91,000 AnnualM&O Gradient 2,300 2,100 1,980 Salvage Value 145.000 205,000 178,000 Loan Payment 150,946 225,565 187,971 The loan payments are calculated using an interest rate of 10%, a life equal to the life of the machine, and a down payment of 30%. Use a MARR of 12% and determine which machine, if any, should be purchased. Use incremental rate of return for your analysis. What is the payback period of all these projects? Explain