The Following Table Summarizes Information for Five Projects: the Data

Multiple Choice

The following table summarizes information for five projects: The data can be interpreted in the following way: The IRR on the incremental investment between project 5 and project 4 is 16%. If all projects are independent and the company has at least $1 000 000 to invest, which projects should be undertaken if the MARR is 16%?

A) only 2
B) 2 and 4
C) 1, 3, and 5
D) 1, 3, 4, and 5
E) 1, 2, 3, 4, and 5