An investor is comparing three mutually exlcusive alternative projects A, B, and C. He plotted the following graph of the net present worth (NPV) of each alternative for interest rates ranging from 0% to 20%. Which project should the investor choose?

a) If the minimum accepted rate of return (MARR) is 2.0%.

b) If the minimum accepted rate of return (MARR) is 8.0%.

c) If the minimum accepted rate of return (MARR) is 13.0%.

d) If the minimum accepted rate of return (MARR) is 18.0%.

  

Net Present Worth (NPW) $5.000 $4.000 $3.000 $2.000 $1.000 $0 ($1.000) ($2.000) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Interest Rate 14.0% 16.0% 18.0% 20.0%