Question: A firm is considering three mutually exclusive alternatives as part of an upgrade to an existing transportation network.
![2294_Installed cost.png](https://secure.tutorsglobe.com/CMSImages/2294_Installed cost.png)
At EOY 10, alternative III would be replaced with another alternative III having the same installed cost and net annual revenues. If MARR is 10% per year, which alternative (if any) should be chosen? Use the incremental IRR procedure.