Question: The three mutually exclusive programs are shown in the table below. The benchmark rate of return is 15%. Please use the incremental internal rate of

The three mutually exclusive programs are shown in the table below. The benchmark rate of return is 15%. Please use the incremental internal rate of return method for program selection.

Program	A	B	C
Initial investment	$10,000	$16,000	$20,000
Annual Cash inflow	$2,800	$3,800	$5,000
Maturity	10 years	10 years	10 years

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