8. As the chief executive officer of Miru Asset Global Investments, you are considering the following three mutually exclusive real estate projects. All the cash flows are represented in millions of US dollars. a) Which project would you select on the basis of the rate of return on incremental investment, assuming that MARR = 15%? b) Explain why the incremental analysis is needed. Year Hotel Shopping Center Office Building 0 -$2,000 -$1,000 -$3,000 1 1,500 800 1,500 N 1,000 500 2,000 3 900 600 1,100