9-17 Compute the (a) net present value, (b) internal rate of return (IRR), (c) modified internal rate of return (MIRR), and (d) discounted payback period (DPB) for each of the following projects. The firm's required rate of return is 13 percent. Year Project AB 0 1 2 3 $(90,000) 39,000 39,000 39,000 Project LM $(100,000) 0 0 147,500 Project UV $(96,500) (55,000) 100,000 100,000 Which project(s) should be purchased if they are in- dependent? Which project(s) should be purchased if they are mutually exclusive?

-17 Compute the (a) net present value, (b) internal rate of return (IRR), (c) modified internal rate of return (MIRR), and (d) discounted payback period (DPB) for each of the following projects. The firm's required rate of return is 13 percent. Which project(s) should be purchased if they are independent? Which project(s) should be purchased if they are mutually exclusive