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Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long as the final answer is correct, thank you.
Based on the following information for 5 mutually exclusive projects (A, B, C, D, and E), which project should we select if our MARR =8% ? Project A: Initial Cost: $200,000. Annual Return(Benefits): $73,000. Project Life: 6 years, no salvage value at the end of life. Project B: Initial Cost: $200,000. Annual Return(Benefits): $71,000. Project Life: 7 years, no salvage value at the end of life. Project C: Initial Cost: $200,000. Annual Return(Benefits): $68,000. Project Life: 8 years, no salvage value at the end of life. Project D: Initial Cost: $200,000. Annual Return(Benefits): $67,000. Project Life: 9 years, no salvage value at the end of life. Project E: Initial Cost: $200,000. Annual Return(Benefits): $$62,000. Project Life: 10 years, no salvage value at the end of life. Project A Project B Project C Project D Project EStep by Step Solution
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