Compare the projects using the Modified IRR technique.

Assume that the reinvestment rate for both projects is 5%. Define the technique. Discuss the difference between this method [the Modified IRR technique], and the Internal Rate of Return, Net Present Value, Discount Payback Method & Payback Method Analyze the numbers in the problem using an excel spreadsheet.

You must use Excel formulas which are on the ribbon in Excel marked Fx to make your calculations whenever possible. Do not write your own formulas unless absolutely necessary. All information must be in Excel (Word documents will not be read and you will not get credit). Remember to carry out your answers at least two decimal places