4 A B C D E F G H I 1 Consider the following cash flows of two mutually exclusive projects for Spartan rubber company. 2 Assume the discount rate for both projects is 10%. Year Dry Solvent Prepreg Prepeg 0 -1,800,000 -925,000 1 690,000 565,000 21 430,000 410,000 3 1,400,000 340,000 10 a.) Based on the payback period, which project should be taken? 11 12 b.) Based on NPV, which project should be taken 13