Consider the following mutually exclusive projects, all of which have a 12% required
return. 
Which project should be undertaken? Why?
Definitions:
Medicare Withholding
The portion of an employee's paycheck that is deducted to contribute to the Medicare program, which provides health insurance to individuals who are over 65 or meet other specific criteria.
Social Security Withholding
The portion of an employee's wage that is deducted and sent to the government to fund Social Security benefits.
Federal Income Tax Withholding
The process by which an employer deducts a portion of an employee's income and pays it directly to the government, as a prepayment of the employee's federal income tax.
Net Pay
The amount of a person's paycheck after deductions, such as taxes and retirement contributions, have been removed.
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