Question 3 (20 points): Forte Composites Inc would like to invest in upgrading polymer concrete products fabrication in its Virginia plant. Three mutually exclusive design options are being considered.All have a 10-year useful life. If the MARR is 22%, determine which design should be selected based on:a) the PW method, b) AW method, and c) the IRR method. (Note: perform incremental analysis only for the IRR method)

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