Present Value Analysis A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternatives are: A B C Installed Cost $10,200 $14,500 $20,000 Uniform Annual Benefit $ 1,625 $ 1,530 $ 1,895 Useful life, in years. 10 20 20 For each alternative, the salvage value at the end of its useful life is zero. At the end of ten years, 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? Provide cash flow diagrams and show your work.