Please do this by hand without Excel.

Please do it by hand without Excel.

Ten capital spending proposals have been made to the budget committee as the members prepare the annual budget for their firm. Each independent project has a five-year life and no salvage value. (a) On the basis of a MARR value of 14%, which projects should be considered further? (b) For each option, calculate the Net Present Worth, and the ratio of NPW to the Present Worth of the cost (both rounded to 2 decimal places). (c) Rank-order all the projects in order of desirability, using the ratio calculated above. (d) If only $85,000 is available to invest for initial costs, which projects should be approved? Ten capital spending proposals have been made to the budget committee as the members prepare the annual budget for their firm. Each independent project has a five-year life and no salvage value. (a) On the basis of a MARR value of 14%, which projects should be considered further? (b) For each option, calculate the Net Present Worth, and the ratio of NPW to the Present Worth of the cost (both rounded to 2 decimal places). (c) Rank-order all the projects in order of desirability, using the ratio calculated above. (d) If only $85,000 is available to invest for initial costs, which projects should be approved