Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation CEEN 3317Engineering Economy3. Consider the following two mutually exclusive investment projects:Project Cash FlowsA$-2000$1000$1000$1000N0123B$-3000$1100$1100$1100Name:Assume that the MARR=5%. Which alternative would you select by using the NPW criterion? (10points)

Step 1:given i = 5% = 0.05As we know;P = F / (1+i)t NPW of A = -2000 / (1+0.05)0 + 1000 / (1+0.05)1…

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ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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CEEN 3317 Engineering Economy 3. Consider the following two mutually exclusive investment projects: Project Cash Flows A $-2000 $1000 $1000 $1000 N 0 1 2 3 B $-3000 $1100 $1100 $1100 Name: Assume that the MARR=5%. Which alternative would you select by using the NPW criterion? (10 points)