Consider the cash flows for the following investment projects.

Assume %.

Projects Cash Flow
n	A	B	C	D	E
0 1 2 3 4	-$1500 1350 800 200 100	-$1500 1000 800 800 150	-$3000 1000 X 1500 X	1500 -450 -450 -450 -450	-$1800 600 600 600 600

Suppose Projects A and B are mutually exclusive. Which project would be selected based on the PE criterion?

Repeat (a) using the FE criterion.

Find the minimum value of X that makes project C acceptable.

Would you accept D at i = 18%?

Assume that projects D and E are mutually exclusive. Which project would you select based on the PE criterion (at MARR = 15%)?