Consider the investment projects given in Table P7.46.
Assume that MARR = 15%.
(a) Projects A and B are mutually exclusive. Assuming that both projects can be repeated for an indefinite period, which one would you select on the basis of the IRR criterion?
(b) Suppose projects C and D are mutually exclusive. According to the IRR criterion, which project would be selected?
(c) Suppose projects E and F are mutually exclusive. Which project is better according to the IRR criterion?
TABLE P7.46

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Net Cash Flow 0 $100-$200 120 150 $4,000 $2,000$2,000 $3,000 2.500 1,500 2.410 60 50 50 28.89% 1,400 3.700 2,930 1,720 1,640 21.65% 20.86% 341 2% 121.95% 23.74%