A large company has the opportunity to select one of seven projects-A, B, C, D, E, F, G-or choose the null (donothing) alternative. Each project requires a single initial investment as shown in the table below. Information on each alternative was fed into a computer program that calculated the IRR for each project and all the pertinent incremental IRRs as shown in the table below.

For example, the IRR for Project A is 10 percent and the incremental IRR of Project C minus Project B (C - B) is 0.1 percent. For each value of MARR below, indicate which project is preferred and the evaluations you made to arrive at this conclusion.

a. \(M A R R=12\) percent

b. \(M A R R=9.5\) percent

c. \(M A R R=8\) percent

d. \(M A R R=3.5\) percent

e. \(M A R R=1.5\) percent

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Incremental Rate of Return of "Row" "Column" Initial Project Investment Null A B C E F A $10,000 10% B $12,000 9% 7% C $13,000 8% 2% 0.1% D $15,000 7% 9% 5% 9% E $16,000 6% 5% 1% 6% 3% F $18,000 5% 8% 2% 5% 5% 5% G $23,000 7% 3% 8% 7% 4% 3% 2%