Evaluation Criteria using IRR Ace Welding Services Inc. has expanded their machi

Evaluation Criteria using IRR Ace Welding Services Inc. has expanded their machine acquisition to five alternative machines/processes. Ace has adopted a planning horizon of four years and all options can last this long. Their MARR is now 10%. The data is shown below. Recommend a single choice for management that uses the internal rate of return criterion. Submit your solution in a spreadsheet. Alternatives Investment in year 0 Annual Cash Flow Salvage value in year 4 1 $50000 $18000$0 2 $250000 $85000 $75000 3 $350000 $105000 $125000 4 $600000 $150000 $400000 5 $800000 $165000 $600000