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Three mutually exclusive investment alternatives are beingconsidered. The estimated cash flows for each alternative are givenbelow. The study period is 30 years and the? firm's MARR is 10?%per year. Assume repeatability and reinvestment of positive cashbalances at 10?% per year.a. What is the simple payback period for Alternative? 1?b. What is the annual worth of Alternative? 2?c. What is the IRR of the incremental cash flows of Alternative2 compared to Alternative? 1?d. Which alternative should be selected??Alt. 1 Alt. 2 Alt. 3Capital Investment -30,000 -60,000 -40,000Annual Costs -14,000 -34,000 -27,000Annual Revenues 27,000 55,500 36,000Market Value at End of Useful Life 9,000 9,000 9,000Useful Life, years 5 5 6IRR 36.5% 25.6% 13.2%