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The following table contains information for five projects. The IRR on the incremental investment between project 5 and project 4 is 16% lf the projects

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The following table contains information for five projects. The IRR on the incremental investment between project 5 and project 4 is 16% lf the projects are mutually exclusive, which projects should be undertaken if the MARR is 15%? RR on IRR on Increments of Investment Compared with Projects (% First CostOverall Project Investment 19% 15% 18% 16% 17% 4 100,000 175,000 200,000 9% 17% 12% 14% 2 23% 17% 11% 4 13% 17% 300,000 16% Select one: a" 1, 3, 4, and 5 b. 3 and 5 C. 3, 4 and 5 d. 5 only e. 3 only

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