Assume that you have 3 mutually exclusive projects (table below). Using the incremental investment technique, which alternative is best (MARR=10%)?__________________ Alt1 Alt2 Alt3 1 -7000 -3000 -5000 2 2000 1000 4000 3 2500 1000 800 4 4000 600 400 5 2000 500 2000 Solution Alternative 1 is bestPVF@10%Alt 1Alt 2Alt 3Present value Alt 1Present value Alt 2Present value Alt 30.909091-7000-3000-5000-6363.636364-2727.272727- 4545.4545450.8264462000100040001652.892562826.4462813305.7851240.751315250010008 001878.287002751.3148009601.05184070.68301340006004002732.053821409.8080732273.20 538210.620921200050020001241.842646310.46066151241.842646NPV1141.439668- 429.2429106876.4304475.