Five projects form the mutually exclusive, collectively exhaustive set under consideration. The cash flow profiles for the five projects are given in the table below. Life Initial Investmento Salvage Value Annual RevenuesO Annual Expenses 0 10 years 10 years 10 years 10 years 10 years 600000 800000 470000 540000 0754130000 65000 200000 400000600000 260000 320000 130000 270000 35445 120000 Set MARR 11%,and refinance rate 14%. a)Based on an internal rate of return analysis, which alternative (if any) should be implemented? b)Plot cumulative cash flow series and interpret the Norstrom'scriterion. c)Based on an external rate of return analysis, which alternative (if any) should be implemented? d)Based on a modified internal rate of return analysis, which alternative (if any) should be implemented