Two mutually exclusive alternatives are being considered for company's use. One of these alternatives must be selected. The firm's MARR is 20% per year. The estimated cash flows for each alternative...

Extracted text: Two mutually exclusive alternatives are being considered for company's use. One of these alternatives must be selected. The firm's MARR is 20% per year. The estimated cash flows for each alternative are as follows: Alternative 1 Alternative 2 Capital investment Annual expenses Useful life(years) Market value(at end of useful life) $20,000 5,500 $38,000 4,000 5 10 $1.000 $4.200 Which equipment alternative should be selected using NPW-C with a study period of 10 years? Assume the study period is shortened to five years. Which alternative would you recommend using NPW-C?