A corporation is considering two mutually exclusive projects. Both projects require the same investment, but have different patterns of cash-inflow. The cash-flows are shown below for years 1 to 7. All cash-flows are in thousands of dollars. The corporation applies a 10% discount rate.

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 1 and Project 2 have the same NPV?

Project Number	1	2
Initial Investment	-2,000	-2,000
Time
1	1200	-350
2	900	-60
3	300	60
4	90	350
5	70	700
6		1200
7		2250