Bono (5pts): Six mutually exclusive projects, A, B, C, D, E, and F, are being considered. They have been ordered by first costs so that project A has the smallest first cost, F the largest. The data in the table below apply to these projects. The data can be interpreted as follows: the IRR on the incremental investment between project D and project C is 6 percent. Which project should be chosen using a MARR of 15 percent? IRR on Increments of Investment Compared With Project B D E Project B D E F IRR on Overall Investment 20% 15% 24% 16% 17% 21% 12% 30% 18% 16% 35% 22% 19% 21% 6% 15% 19% 16% 18% 20% 11%