Please show all steps and formulas used in excel.

For part d, perform an incremental analysis of model 2 - model 1. Thanks!

2. The following problem is loosely based on an actual project at Mother Earth Organic Mushrooms, a Pennsylvania-based company. The company is considering acquiring a new automatic packaging and labeling line for its packing facility. Two different models with varying features, O&M costs, and salvage values are considered. The following table provides the summary financial information for the two alternatives. The company's MARR is 15%. Net Cash Flow EOY Model 1 Model 2 -$20,000 $10,000 $5,500 $5,500 $5,500 $40,000 30 IRR. $6,301 PW(15%) a) Compute the IRR for Model 2. b) Compute the NPW for Model 1. c) Based on the NPW, which model should the company select? d) Confirm your answer in part (c) by comparing the two alternatives using the IRR