3.) Assume you are evaluating two mutually exclusive projects, the cash flows of which appear below and that your company uses a cost of capital of 8% to evaluate projects such as these. I Time Project B Cash Flows Project A Cash Flows -$650,000 0 -$700.000 300,000 1 100,000 2 250,000 -200,000 3 250,000 550,000 4 200,000 200.000 5 100,000 80,000 2. Calculate the payback period and discounted payback period for projects A & B. b. Calculate the IRR and MIRR of projects A & B. Assume a reinvestment rate of 8% for the MIRR calculation c Sketch the NPV profile for projects A & B. d. Determine the crossover point for these projects' NPV profiles. c. Assuming a cost of capital of 8%, which of these projects should be accepted Under what conditions on the cost of capital should project B be preferred to project AR g. If Project A and Project B are independent, which project should be undertaken