You are presented with 6 projects. All projects are 7 year projects. NPV= net present value. IRR= internal rate of return. MIRR= modified internal rate of return PI= Profitability index.

Projects	A	B	C	D	F	G
NPV	$34,884	$2,834	$19,917	$164,307	$16,496	($13,434)
IRR	19.27%	14.35%	24.03%	39.14%	52.80%	10.71%
MIRR	16.54%	14.21%	16.88%	32.18%	31.73%	11.88%
PI	1.12	1.01	2.10	2.06	.91

If projects A & C are mutually exclusive and projects D and F are also mutually exclusive, which project or projects should be selected using the MIRR rule? The discount rate (r) is 14%.