Question: Based on the following information for 5 mutually exclusive projects (A, B, C, D, and E), which project should we select if our MARR=7%? Project

 Based on the following information for 5 mutually exclusive projects (A,

Based on the following information for 5 mutually exclusive projects (A, B, C, D, and E), which project should we select if our MARR=7%? Project A: Initial Cost: $100,000. Annual Return(Benefits): $75,000. Project Life: 7 years, no salvage value at the end of life. Project B: Initial Cost: $100,000. Annual Return(Benefits): $76,000. Project Life: 6 years, no salvage value at the end of life. Project C: Initial Cost: $100,000. Annual Return(Benefits): $74,000. Project Life: 8 years, no salvage value at the end of life. Project D: Initial Cost: $100,000. Annual Return(Benefits): $65,000. Project Life: 10 years, no salvage value at the end of life. Project E: Initial Cost: $100,000. Annual Return(Benefits): $72,000. Project Life: 9 years, no salvage value at the end of life. Project A Project B Project C Project D Project E

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