Final Finishing is considering three mutually exclusive
alternatives for a new polisher. Each alternative has an expected
life of 10 years and no salvage value. Polisher I requires an
initial investment of $20,000 and provides annual benefits of
$4,465. Polisher II requires an initial investment of $10,000 and
provides annual benefits of $1,770. Polisher III requires an
initial investment of $15,000 and provides annual benefits of
$3,580. MARR is 15%/yr. Based on an internal rate of return
analysis, which polisher...