Based on the following information for 5 mutually exclusive projects (A, B, C, D, and E),

which project should we select if our MARR=9%?

Project A: Initial Cost: $100,000. Annual Return(Benefits): $74,000.

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): $70,000.

Project Life: 9 years, no salvage value at the end of life.

Project D: Initial Cost: $100,000. Annual Return(Benefits): $74,000.

Project Life: 8 years, no salvage value at the end of life.

Project E: Initial Cost: $100,000. Annual Return(Benefits): $66,000.

Project Life: 10 years, no salvage value at the end of life.

		Project A
		Project B
		Project C
		Project D
		Project E