2) (4 pts) Consider the following information concerning two mutually exclusive projects both with an appropriate discount rate of 11%: Project S and Project T: Project S: NPV = $20,250, IRR = 18.0%, Payback Period = 3.4 years Project T: NPV = $34,550, IRR = 12.2%, Payback Period = 5.1 years a) Which project would be considered less risky and more liquid to undertake? (Projects or Project T) b) Which project is more profitable if risk and liquidity were not a major concern? (Projects or Project T)