Questions $11,12$ & $13$ relate to the following table. All cash flows are in

$$ and the discount rate is $9\%.$

What is the payback and discounted payback period of project B$?$

A$.$ Payback period is $1\mathrm{.}83$ years, discounted payback period is $2\mathrm{.}31$ years

B$.$ Payback period is $1\mathrm{.}83$ years, discounted payback period is $2\mathrm{.}18$ years

C$.$ Payback period is $2\mathrm{.}00$ years, discounted payback period is $2\mathrm{.}83$ years

D$.$ Payback period is $2\mathrm{.}18$ years, discounted payback period is $2\mathrm{.}81$ years

E$.$ Payback period is $2\mathrm{.}83$ years, discounted payback period is $2\mathrm{.}76$ years

What is the Internal Rate of Return $($IRR$)$ of project E$?$

A$.10\%$

B$.11\%$

C$.12\%$

D$.13\%$

E$.14\%$

With a fixed budget of $700,$ which of the following choices would represent the

optimal investment strategy for the firm? Assume all projects are indivisible and

mutually exclusive.

A$.$ All projects

B$.$ Projects B and D

C$.$ Projects $C,D$ and $E$

D$.$ Projects E$,$ A$,$ D and $11\mathrm{.}1\%$ of Project B

E$.$ Project A