Show all work and do not use excel to solve.

A corporation with $7 million in annual taxable income is considering two alternatives Before-Tax Cash Flow ($1000) Year 0 1-10 Alt. 1 Alt. 2 -$20,000 4,500 4,500 -$10,000 4,500 11-20 Both alternatives will be depreciated by straight-line depreciation assuminga 10-year depre- ciable life and no salvage value. Neither alternative is to be replaced at the end of its useful life. If the corporation has a minimum attractive rate of return of 10% after taxes, which alternative should it choose? Solve the problem by (a) Present worth analysis (b) Annual cash flow analysis (c) Rate of return analysis (d) Future worth analysis (e) Benefit-cost ratio analysis Complete the following table with answers only. On another sheet of paper, show all steps to manual solutions including logic using the financial notations and cash flow diagrams. Alternative 2 Increment Alternative 2-1 Alternative 1 a) b) c) d) e) Which Alternative do you select? Explain why you made your selection