Question 2 (4 points). As investors in Mr. Hooper's store, Bert and Ernie have each identified a business improvement opportunity (a.k.a. investment projects) that will result in new revenues and process improvements. These mutually exclusive projects will each cost $5,000, however, Bert's project will last for 2 years, while Ernie's will last only for one. If MARR = 18% and both projects are assumed to be repeatable, which project should be selected based upon the IRR criteria? Bert's Project Ernie's Project $5,000 $5,000 1 8,000 6,000 2 4,000 60% n 0 68%