6. (40 points) You are considering the following two mutually exclusive projects. Both projects will be depreciated using straight-line depreciation to a zero book value over the life of the project. Neither project has any salvage value Project B Cash Flow -$ 40,000 $ 8,200 $14,600 $36,800 Project A Cash Flow -$45,000 $17,500 $18,000 $22,500 Year 0 Year 1 2 2 3 3 Project A 8.0 percent 2.0 years 8.5 percent Project B 12 percent 2.0 years 9.5 percent Required rate of return Reqaired payback period Required accounting return a. (5 points) What is the NPV for each of the projects? Which project should be accepted if NPV method is applied? Explain why b. (5 points) What is the IRR for each ofthe projects? Which project should be accepted if IRR method is applied? Explain why c. (5 points) What is the payback period for each of the projects? Which project should be accepted if payback period method is applied? Explain why d. (5 points) What is the discounted payback period for each of the projects? Which project should be accepted if discounted payback period method is applied? Explain why