Galfar Industries is planning to modernize its production facility. The company has identified three different technologies which could help them meet this goal. The cash flows associated with these...

Task 4c - Please solve this question in detail.

Extracted text: Galfar Industries is planning to modernize its production facility. The company has identified three different technologies which could help them meet this goal. The cash flows associated with these three technologies are summarized in Table 4. Initial Outlay (RO) Annual Revenue Expected Project Life (RO) (in years) Technology 1 Technology 2 Technology 3 19000 3230 23000 3220 14 42000 6720 11 Table 4 (c) At an annual interest rate of 9%, evaluate the alternative investments based on annual equivalent method of comparison and select the best technology based on the evaluation.