Problem 2 A company is considering two mutually exclusive investment options. The initial investment cost for the first option (Alternative 1) is $500,000. It will net $140,000 at the end of year 1, $210,000 at the end of year 2, and $300,000 at the end of year 3. The second option (Alternative 2) has an initial investment cost of $1,200,000. It will net $1,000,000 at the end of year 1, $300,000 at the end of year 2, and $150,000 at the end of year 3. The economic life of both options is 3 years. With a MARR of 12% and without considering taxes and inflation, which option should be selected based on internal rate of return (IRR) methodology? An IRR to the nearest whole percent is required