A. Compute the payback period for each project.

B. Compute the discount payback period for the each project using a discount rate of 10%.

C. Compute the net present value (NPV) for each project. Biocom uses a discount rate of 9% for projects of average risk.

D. Compute the internal rate of return (IRR) for each project.

E. Compute the modified interal rate of return (MIRR) for each project.

\begin{tabular}{|l|c|c|} \hline Cash Flow & \begin{tabular}{c} Nano Test \\ Tubes \end{tabular} & \begin{tabular}{c} Microsurgery \\ Kits \end{tabular} \\ \hline Investment & $11,000 & $11,000 \\ \hline Cash flow year 1 & 2,000 & 4,000 \\ \hline Cash flow year 2 & 3,000 & 4,000 \\ \hline Cash flow year 3 & 4,000 & 4,000 \\ \hline Cash flow year 4 & 5,000 & 4,000 \\ \hline Cash flow year 5 & 7,000 & 4,000 \\ \hline \end{tabular}