Solve the Following Problem Using the Present Worth Analysis for an Interest

Solve the following problem using the present worth analysis for an interest rate of 8%.
$$\begin{array} { | l | c | l | l | } \hline & \text { Alt. A } & \text { Alt. B } & \text { Alt. C } \\\hline \text { Initial cost } & \$ 1,700 & \$ 2,100 & \$ 3,750 \\\hline \text { Beniefit/year } & 1,000 & 1,000 & 1,000 \\\hline \text { Life in years } & \mathbf { 2 } & 3 & 6 \\\hline\end{array}$$

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