13 4 pts A mining company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t=0 of $13.5 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t+1 of $19.8 million. Under Plan B, cash flows would be $3.8 million per year for 9 years. Estimate the crossover rate of the NPVs for Plans A and B. If the firm's WACC is 15% what is the NPV of the project you would recommend? 14.60%; $3.72 million O 12.12%: $4.63 million O 12.12%; $3.72 million 12.26%; $5.52 million O 16.97% $4.63 million Question 14 4 pts A firm with a 10.5% WACC is evaluating two mutually exclusive projects with the following cash flows (in millions); calculate the discounted payback for the project that maximizes shareholder value. t = 0 2 3 4 Project X -1,100 550 450 200 250 Project Y -1,100 250 400 450 450 3.35 years O 3.66 years O 3.70 years O 3.41 years O 3.02 years