$2.$ Year A B$0-400,000-600,000155,000300,000255,000300,000355,00050,0004225,00050,0005225,00050,000$The discount rate is $10\%.$ These are independent projects.a$)$ How long does each project take to payback on a nominal basis? What about on a discounted basis?b$)$ Which project$($s$)$ would you select if you used the NPV method? Why?c$)$ Which project$($s$)$ would you select if you used the IRR methods. Why?d$)$ If these were mutually exclusive projects, what is the cross$-$over rate for these two projects? Explain thesignificance of this rate.e$)$ Explain to Grandma the problem of multiple rates of returns under the IRR method? Under what conditionswill you have multiple IRRs?