Question 4 (25 points) A canning plant is considering purchasing a new tomato-peeling machine. Each choice has a 9- year useful life. First cost $62,000 $73,000 $77,000 Annual benefit 42,000 35,000 39,000 Annual O&M cost 15,000 10,000 12,000 The MARR is 5%. For parts a)-c), which alternative should be selected? a) Solve the problem by payback period. b) Solve the problem by future worth analysis c) Solve the problem by benefit-cost ratio analysis. d) What would the first cost for alternative B need to be in order for alternative B and alternative C to be equally desirable