Question: Question 3 10 pts The following data is available for three different alternatives. Assume an interest rate of 5% per year, compounded annually. Alternative A

Question 3 10 pts The following data is available for three different alternatives. Assume an interest rate of 5% per year, compounded annually. Alternative A Alternative B Alternative C Initial Cost 2,000 1,100 4,000 Annual Benefit 250 460 1,753 Alternatives B and C are replaced at the end of their useful lives with identical replacements. Using present worth analysis, find the best alternative. () Choose Alternative A because it lasts the longest (O Choose Alternative A because its net present worth is postive (O Choose Alterntive C because it has the highest annual benefit (O Choose Alternative C because its net present worth is $10,237.78 more than its nearest competitor

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