Consider the cash flows for the investment projects given in Table P7.48.
TABLE P7.48

Assume that the MARR = 12%.
(a) Suppose A, B, and C are mutually exclusive projects. Which project would be selected on the basis of the IRR criterion?
(b) What is the borrowing rate of return (BRR) for project D?
(c) Would you accept project D at MARR = 20%?
(d) Assume that projects C and E are mutually exclusive. Using the IRR criterion, which project would you select?

Project Cash Flow $1,000 $1,000 600 500 500 100 900 500 100 50 $2,000 $1,000 -30() -300 -300 -300 900 900 900 900 $1,200 400 400 400 400