Explanation

The number of new words that can be formed by rearranging the letters of the word "ALIVE" is:

5! (5 factorial) = 5 × 4 × 3 × 2 × 1 = 120

However, we need to subtract 1 because the original word "ALIVE" is also a possible arrangement.

So, the correct answer is:

120 - 1 = 119