Consider the three mutually exclusive alternatives below. At the end of their useful lives, alternatives X and Z will be replaced with identical replacements so that a 10- year service requirement is met. If the MARR is 3% per year, which alternative if any) should be chosen? 
Definitions:
Mutually Agreeable Prices
Prices that are accepted by both buyers and sellers in a transaction, usually determined through negotiation or market dynamics.
Competition
The economic rivalry among businesses or individuals within a market, aiming to achieve higher sales, profits, and market share.
Social Cooperation
The collaborative effort of individuals or groups to achieve a common goal, often in the context of societal functioning.
Market Prices
The current value at which a good or service can be bought or sold in a marketplace.
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