Two mutually exclusive alternatives are being considered. Both have lives of $10$ years. Alternative A has a first cost of $$10,000$ and annual benefits of $$4,500.$ Alternative B costs $$25,000$ and has annual benefits of $$8,800.$ If the minimum attractive rate of return is $6\%,$ which alternative should be selected? Solve the problem by the Internal Rate of Return $($IRR$)$ Analysis. $[$Note that this same problem definition is the same for questions $5$ through $9.]$

As a first step, we need to calculate the IRR for $$ because it has the

$$ initial cost.

Th

Two mutually exclusive alternatives are being considered. Both have lives of $10$ years. Alternative A has a first cost of $$10,000$ and annual benefits of $$4,500.$ Alternative B costs $$25,000$ and has annual benefits of $$8,800.$ If the minimum attractive rate of return is $6\%,$ which alternative should be selected? Solve the problem by the Internal Rate of Return $($IRR$)$ Analysis. $[$Note that this same problem definition is the same

PLEASE ANSWER THIS QUESTION:

AS a first step, we need to calculate the IRR for $($Alternative A or Alternative B$)$ because it has the $($higher or lower$)$ initial cost.