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The following table contains information for five independent projects. They have been ordered by first costs so that project 1 has the smallest first cost

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The following table contains information for five independent projects. They have been ordered by first costs so that project 1 has the smallest first cost and project 5 has the largest first cost. The data can be interpreted as follows: the IRR on the incremental investment between project 5 and project 4 is 16%. If the company has at least $1025000 to invest, which project(s) should be undertaken if the MARR is 16% ? Select one: a. 2 only b. 2 and 4 c. 1,3 and 5 d. 1,3,4 and 5 e. 1,2,3,4 and 5

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