The following table shows the appraisal characteristics of several mutually-exclusive projects which the management of Qwasar Limited are considering. Project A B C D E Initial Cost ($ millions) 78 120 91 95 98 Net Present Value ($ millions) 11 -1 7 10 Payback Period (Years) 2 5 7 3 5 Internal Rate of Return 9.5% 13.2% 8.0% 11.7% 12.5% Management's stated goal is to maximise the wealth of the firm's owners, and to be accepted any investment project must have a minimum investment yield of 10%. Required: Which of the above projects, if any, should be selected by management? Explain the rationale for your choice