Please put the excel solution too.

A company is planning to start an investment, for which there are 6 alternatives. The company can choose only one of these, in other words: the projects are mutually exclusive.

Data given:

• All projects have the same useful life, of 6 years.
• The (annual nominal, compounded annually) MARR is 10% if the investment is $1,250 or less, 11% if more than $1,250.
• Table containing the Initial Investment, the Annual net cash flows (constant) and the IRR:

	1	2	3	4	5	6
Initial Investment	-$1,000	-$750	-$1,500	-$500	-$2,000	-$2,500
Annual net cash flow	$225	$200	$350	$120	$500	$650
IRR	9%	15%	11%	12%	13%	14%

What is the best project ?

1. Apply the incremental investment analysis procedure to the NPV-method