Suppose the MARR is 5%. Use the following table to answer the question--The IRR on the incremental cash flow is _______.
CMS FMS
Initial Investment $31,000 $38,000
Annual Revenue 6,688 9,102
Useful Life (Years) 5 5
A. 21.0% - 22.0%
B. 10.0% - 11.0%
C. 1.0% - 2.0%
D. 17.0% - 18.0%
E. 15.0% - 16.0%