Two mutually exclusive investment projects are being considered by a company. Data for base values of the two alternatives are as follows:

	Alpha	Bravo
Initial Investment Cost	$250,000	$150,000
Annual Benefits	$80,000	$50,000
Salvage Value	$10,000	$5,000
Useful Life	4 years	4 years
MARR = 8%.	Study period = 4 years

1. Using the PW method, determine which alternative should be selected based on the projects base values.