Use incremental B/C analysis, and a discount rate of 4% per year, and a 9 year project life, and determine which alternative should be selected. Alternative One Alternative Two Initial cost, $ 1,200,000 1,600,000 Annual M&O costs, $/year 70,000 100,000 Potential damage costs in year 8, $ 3,400,000 1,900,000 Your Answer: