A company is analyzing three project proposals. All the projects are mutually exclusive and the budget limit is $10,000,000. Each project's capital investment and annual operating expenses are shown in the table below. Using the desired MARR of 10% per year, and for the same analysis period, determine which project should be adopted on the basis of the PW method. Show your calculations. Analyze the problem again using the ERR method. Let the reinvestment rate be u = 12% per year