Answer Happy

The independent
projects shown below are under consideration for possible
implementation by Renishaw Inc. of Hoffman Estates, Rhode Island.
If
the company's MARR is
14% per year and it uses the IROR method of capital budgeting, the
projects it should select under a budget limitation of
Project A B C D E First Cost, $ -20,000 -10,000 -15,000 -70,000 - 50,000 Annual Income, $ per Year 4,000 1,900 2,600 10,000 6,000 Rate of Return, % 20.0 19.0 17.3 14.3 12.0