Five mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years and the sponsoring agencys MARR is 12% per year. Annual benefits to the public have been estimated by an advisory committee and are shown below.

A B C D E

Initial cist, $ 62,000 58,000 52,000 55,000 150,000

Annual benefits, $ 10,000 6,000 8,000 9,000 20,000

1. Compute for the IRR for each project
2. Using the PW Method, select the best project
3. Using the AW Method, select the best project
4. Using the FW Method, select the best project
5. Using the IRR Method, select the best project. ( Present in tabulated form)