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Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 10%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Project "A" Annual Cash Flows Project "B" ($20,000) ($20,000) 4,000 11,000 6,000 7,000 8,000 6,000 10,000 1,000 Compute the Modified Internal Rate of Return (MIRR) for Project "A". O a. 11.53% O b. 11.92% O c. 12.34% O d. 12.95% O e. 13.24% The Modified Internal Rate of Return of Project B is 11.32%. If Projects "A" and "B" are independent, considering only the MIRR method, which project(s) should Big Company proceed with? O a. Project "A" should be chosen because Project "A" has a MIRR greater than the MIRR of Project "B", which means that Project "A" has a higher return. b. Project "B" should be chosen because Project "B" has a MIRR less than the MIRR of Project "A", which means that Project "B" is a more efficient use of capital. O c. Both Projects should be chosen because both Projects have a MIRR > WACC, which means that both Projects have acceptable returns. O d. Neither Project should be chosen because both Projects have a MIRR > WACC which means that both Project's costs exceed their investment given the cost of capital. O e. None of the answers above are correct. The Modified Internal Rate of Return of Project B is 11.32%. If Projects A and B are mutually exclusive, considering only the MIRR method, which project(s) should Big Company proceed with? O a. Project "A" should be chosen because it has a MIRR that is greater than the MIRR of Project "B", which means that Project "A" has a higher return. O b. Project "B" should be chosen because it has a MIRR that is less than the MIRR of Project "A", which means that Project "B" is a more efficient use of capital. O c. Both Projects should be chosen because both Projects have a MIRR > WACC, which means that both Projects have acceptable returns. O d. Neither Project should be chosen because both Projects have MIRR's > WACC, which means that the expenses of both exceed the investment given the cost of capital. O e. None of the answers above are correct