15-28 Each of the following 10 independent projects has a 10-year life and no salvage value. Uniform Annual Benefits Rate of Project (thousands) (thousands) Return $ 50 150 100 300 50 200 50 200 50 100 $10.3 32.2 17.7 48.8 11.9 38.3 10.0 36.9 11.5 22.3 16% 17 12 10 20 4 15 13 19 18 10 The projects have been proposed by the staff of the Ace Card Company. The MARR of Ace has been (a) If there is ample money available, what projects (b) Rank-order all the acceptable projects according (c) If only $450,000 is available, which projects (d) Are the results the same if the projects are ranked 12% for several years. should Ace approve? to desirability using NPW/cost. should be approved? on IRR? What is the opportunity cost of capital