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Two mutually-exclusive projects P3 and P4 are being considered for an investment. One of them must be chosen. Thus there is no do-nothing alternative. The

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Two mutually-exclusive projects P3 and P4 are being considered for an investment. One of them must be chosen. Thus there is no "do-nothing" alternative. The cash flows for the projects are given in the table below: P3 P4 $(4.900,000.00) $(6,900,000.00) $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 $ 1,503,000.00 $ 1,803,000.00 MARR is 20%. Which project should be chosen based on the IRR analysis and why

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