Question: Use IRR method pls Five mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to

Use IRR method pls Use IRR method pls Five mutually exclusive projects are being considered for

Five mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and the sponsoring agency's MARR is 12% per year. Annual benefits to the public have been estimated by an advisory Committee and are show below. Use the IRR method incrementally to select the best jogging track. Alternative A | D E Initial cost $62,000 $52,000 $58,000 $150,000 $55,000 Annual benefits $10,000 $8,000 $6,000 $20,000 $9,000 Rate of Return on investment 16.1% 15.4% 10.4% 13.3% 16.4%

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