QUESTIONS An investor is currently studying four potential investments in the Creaton Area. The table provides the first cost as well as the overall and incremental Internal Rate of Retum (IRR) for the investments that are currently being studied. Use the information in the table to answer the following in for instance, the 115. in the table below could be interpreted as IRR) Investment First Cost IRR on increments of investment Compared with Project C IRR on Overall Investment 1996 1SN 189 $1.1 m $1.7 m 522 m C D N If the four investments are independent, which projects should be selected at MARR of 18 (5) If the four investments are mutually exclusive, which project should be selected at MARR of 14% (New do nothing is a possible alternative) (Mark) c) Suate the chies in which are of return method is recommended Mark Is it always necessary for the aherative with the highest rate of return to be the best atematice ( Mark