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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% If all 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% If all projects are independent and the company has at least $1 025 000 to invest, which projects should be undertaken if the MARR is 16%? IRR on IRR on Increments of Investment First CostOverall Compared with Projects (% 4 Project 100,000 175,000 200,000 250,000 300,000 Investment 19% 15% 18% 16% 17% 9% 17% 12% 14% 2 23% 17% 11% 4 13% 17% 16% Select one: . 1, 2, 3, 4 and 5 b. 1, 3, 4 and 5 c. 1, 3 and 5 d. 2 only e. 2 and 4

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