assuming that your required rate of return on projects similar risk are 10 percent, 12 percent and 15 percent for the first, second and third project respectively what is the maximum price that you would be willing to pay for each investment project

Calibri Er Wrap Text rge&CenterP : $ , % , , Conditional Format as Cel Styles, Insert Delete Form Font Formatting. Table, Alignment xfEsther Ehivbaun Aigbomian Periods Project 1 Project 2 Project 3 10 (a) Price (b) Ret 300 50.00 50.0050.00 50.00 50.00 52.50.1357.88 60.7863.81 350 60.00 6.0060.0060.00 60.00 57.00 S4.15S1.4448.8746.43 -320 20.0020.00 0.00 50.00 50.00 0.00 90.00 90.00 90.00 500.00 (c) Selection a. Assuming that your required rate of return on projects of similar risk are 10%, 12%, and 15% for the first, second, and third project respectively, what is the maximum price that you would be willing to pay for each investment project? FI out these values in the Price column, b. Suppose that the required investment of each project is $300K, $350K, and $320K. What implied annual rate of return is associated with each project? Fill out these numbers in the Return column (c) Selection: Which project should you select and why? Write this in the Selection area