A corporation is considering 7 projects. All seven require the same investment, but have different cash-flow patterns. The cash-flows are shown below. The corporation applies a 10% discount rate. Project 6 and 7 are mutually exclusive.

1. Rank the projects by Payback Period, Discounted Payback Period, NPV, Profitability Index and IRR. Project cash-flows are in thousands of dollars.
2. At what discount rate will Project 6 and Project 7 have the same NPV?

Project Number 1 2 3 4 5 6 7 Initial Investment -2,000 -2,000 | -2,000 | -2,000 | -2,000 | -2,000 | -2,000 Time 280 2200 -350 330 330 330 1666 334 1200 900 300 280 280 -60 165 60 280 90 330 330 350 700 280 280 330 330 1000 1200 2250 280 280 280 9 280 10 11 280 12 280 280 13 14 280 15 10000 280 Project Number 1 2 3 4 5 6 7 Initial Investment -2,000 -2,000 | -2,000 | -2,000 | -2,000 | -2,000 | -2,000 Time 280 2200 -350 330 330 330 1666 334 1200 900 300 280 280 -60 165 60 280 90 330 330 350 700 280 280 330 330 1000 1200 2250 280 280 280 9 280 10 11 280 12 280 280 13 14 280 15 10000 280