Problem \#5 (2/10): Six mutually exclusive projects A, B, C, D, E, and F, are being considered by XYZ. They have been ordered by first costs so that project A has the lowest first cost, project F the largest. Specifically, cash flows for Projects A and B are given below. XYZ MARR is 8%. Project A : Initial Cost of $212,840. annual benefit of $25,000 for 20 years Project B: Initial Cost of $327,540, annual benefit of $35,000 for 20 years (a) Based on the cash flows and the MARR of 8%, find the IRR for Project A. (b) Based on the cash flows for Project A and B, calculate the IRR for the increment from A to B. (c) The table below apply to all projects (A through F). The data can be interpreted as follows: the IRR on the incremental investment from project C to D is 8.5%. Based on the procedure discussed in this course, which project should be chosen using the same MARR of 8%