Use compound interest factors and formulas to solve (NO EXCEL TABLES). Show work neatly.

PLEASE EXPLAIN HOW TO USE "ROR"

Tessy wants to build a factory. The details of four different locations options identified by a plant engineer are given in the table. If the minimum rate of return (MARR) is 4%, use incremental rate of return (ROR) analysis to select the best location, economically. R S P Initial Cost -$349,000-$421,000 -$500,000 -$215,000 Annual cash flow +$23,000 +$33,000 +$43,000 +$12,000 Life Cycle 10 10 10 10 Tessy wants to build a factory. The details of four different locations options identified by a plant engineer are given in the table. If the minimum rate of return (MARR) is 4%, use incremental rate of return (ROR) analysis to select the best location, economically. R S P Initial Cost -$349,000-$421,000 -$500,000 -$215,000 Annual cash flow +$23,000 +$33,000 +$43,000 +$12,000 Life Cycle 10 10 10 10