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"whatever the proposalâ€™s merits are" sounds better than "whatever the proposalâ€™s merits' that sounds like it is not a complete sentence.
Even if I don't like the +ing form in choice E, I would still go for E.
rest of the choices are missing a verb, which is needed to complete a appositive or absolute clause...
E is definetly wrong, because the sentence is unclear in its meaning. There is no clause or phrase that is stating the proposal,
B states the proposal correctly and its refer to the possessive form of proposal. Moreover, B establishes the contrast indicating that whatever the merits or benifits (MAY BE), it is not a good proposal.
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...