A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternatives are
![1612_production improvement program.png](https://secure.tutorsglobe.com/CMSImages/1612_production improvement program.png)
The salvage value at the end of the useful life of each alternative is zero. At the end of 10 years, Alternative A could be replaced with another A with identical cost and benefits. The maximum attractive rate of return is 6%. Which alternative should be selected?