Jacob is in charge of resource development and investment in his firm, and he was recently

presented with $5$ different $9-$year investment projects as shown below. Jacob's determine that it is not

in his firm's best interest to invest in any project that will earn less than $20\%.$ He is also given the go

ahead by the board of governors for the firm to choose any and all projects that he finds acceptable,

so he does not have to choose only $1$ project. Calculate the IRR for each of the projects presented

below using an excel spreadsheet graph of present worth vs rate of return. Attach the graph for each

project and indicate which projects should Jacob invest in$,$ and which projects he has to stay away

from. Cropiva manufactures agricultural equipment, and they are planning on introducing a new

product which would require an initial investment of $$24\mathrm{.}9$ million in assets and would produce a net

annual revenue of $$2\mathrm{.}40$ million over a service life of twelve $(12)$ years. After the $12$ years, the product

will likely become obsolete, and the assets would be sold for an estimated $$3\mathrm{.}72$ million. What is the

rate of return of this project? And would it be an acceptable project with the MARR $=4\mathrm{.}1\%?$